LONDON- Belgium on Monday mandated banks to sell a new 50-year bond, which it plans to sell in the near future, according to a lead manager note seen by Reuters.
Belgium has mandated BNP Paribas Fortis, Crédit Agricole CIB, J.P. Morgan, Morgan Stanley, NatWest Markets and Nomura as joint bookrunners for the new bond, the note said.
The planned sale of 50-year bonds from Belgium follows a recent sale of debt of the same maturity by France. More and more governments are selling ultra-long dated debt to capitalise on rock-bottom borrowing costs and a willingness among investors to look past risks for the sake of slightly higher yields.
(Reporting by Dhara Ranasinghe; editing by Sujata Rao) ((Dhara.Ranasinghe@thomsonreuters.com; +442075422684;))