The State Bond is a euro-denominated bond issued by the Belgian State for a 1-year term. It offers a single gross coupon of 3.30%.
The Belgian State guarantees to repay the invested capital in full at maturity plus the net coupon.
As the interest rate applied to your investment is known from the start, you know exactly how much it will return at maturity.
Furthermore, for this State Bond issue, the Council of Ministers has approved a bill providing for a 15% professional withholding tax. This bill has been submitted to the Council of State.
The subscription period runs from 24 August 2023 (9am) to 1 September 2023 (4pm) inclusive.
You will find more information on the various subscription options at the end of this page in the "How to subscribe" section. You will also find a link to a brief description of the online subscription procedure if you decide to go for it.
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Issue price |
100% of the nominal value, i.e. 100 euros per bond (including a 0.10% placement commission paid by the Federal Debt Agency to BNP Paribas Fortis as the placing institution) |
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Total fees included in the issue price |
Placement commission of 0.10%, i.e. 0.10 euros per 100-euro bond For an investment amount between 75 million and 150 million euros inclusive, the Federal Debt Agency will grant BNP Paribas Fortis an additional participation commission of 0.15%. If the investment amount exceeds 150 million euros, this additional participation commission will be 0.20%. |
| Gross return1 | 3,30% |
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Net return1 (after deduction of the announced 15% professional withholding tax) |
2,805% |
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Redemption price at maturity |
100% of the nominal value |
1 Assuming the State Bond is held until maturity.
The Belgian State has a good credit rating (Aa3 from Moody's and AA by Standard & Poor's). However, State Bonds are subject to certain risks that should be understood before making an investment decision.
Maximum placement commission of 0.30% of the nominal amount subscribed (see details above), included in the issue price. It is paid by the Federal Debt Agency to BNP Paribas Fortis to compensate for the placement of State Bonds.
No custody fees for these State Bonds.
Free financial services from BNP Paribas Fortis in Belgium.
Transaction fees on the secondary market
Consult the brochure "Tarification des principales opérations sur titres" for more information on the fees related to the services offered by BNP Paribas Fortis to its clients. This brochure is available on the website https://www.bnpparibasfortis.be/tarifs > Fees and taxes.
Tax regime applicable to individual investors in Belgium – The income from this State Bond is subject to professional withholding tax. The Council of Ministers has approved a bill for this issue that requires a 15% professional withholding tax. This bill has been submitted to the Council of State. The professional withholding tax is liberating for individual investors. The tax treatment depends on the individual situation of each investor and is subject to change. Other categories of investors are invited to inquire about the tax regime applicable to them.
Stock exchange tax (TOB) – No TOB on the primary market (i.e. during the subscription period) or at maturity. TOB of 0.12% in case of purchase or sale on the secondary market (with a maximum of 1,300 euros per transaction).
Product information
The Federal State is not required to produce a prospectus for State Bonds. You will find more information about this new State Bond in the informative brochure of the Federal Debt Agency, supplemented by specific information on fees and taxes related to subscription with BNP Paribas Fortis. If you want more information on State Bonds in general, consult the official website https://www.debtagency.be/fr/productsbeinfo
Monitoring your investment
Investors who have deposited their State Bonds in a securities account with BNP Paribas Fortis will be able to monitor the evolution of their value on a daily basis via Easy Banking Web. The custody of these State Bonds on a BNP Paribas Fortis securities account is free of charge.
The value of State Bonds is also available at any time on the website "NYSE Euronext Brussels" : https://live.euronext.com/fr/search_instruments/BELG
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Via Easy Banking Web |
If you have Easy Banking Web and a securities account with BNP Paribas Fortis, you can subscribe online (without advice). Simply click on the "Subscribe online" button (which will be activated when you reach the bottom of the page). To guide you through the subscription process, we provide a brief overview of the different steps to follow and some explanations to clarify any data that may be unclear. We recommend that you read the annexes of the informative brochure before starting your subscription. |
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Via your advisor or PrivilegeConnect |
Contact your usual advisor or call PrivilegeConnect at 02 433 43 10 (Private Banking) or 02 433 43 30 (Wealth Management) for more information or to subscribe. |
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At any BNP Paribas Fortis branch |
Make an appointment at your branch by phone, via Easy Banking Web or Easy Banking App. |
Any complaint about our investment services should be addressed by mail to BNP Paribas Fortis SA – Complaint Management Service – Montagne du Parc 3, 1000 Brussels or by email to gestiondesplaintes@bnpparibasfortis.com.
If the proposed solution does not satisfy you, you can address your complaint by mail to Ombudsfin – Ombudsman in financial conflicts – North Gate II, Boulevard du Roi Albert II 8 (Box 2), 1000 Brussels or by email via ombudsman@ombudsfin.be
You can file any complaint related to Belgian State Bonds with:
