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IssuerMarch 10 2009

Dutch bond goes down a storm

The Dutch State Treasury Agency triumphed when it brought its 10-year bond to market with a coupon of 4%: the book closed within just four hours with most of the allocation going to real money accounts of international investors. Writer Edward Russell-Walling.
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After 170 years in Amsterdam, the Dutch State Treasury Agency (DSTA) recently relocated to The Hague, to a renovated ministry of finance structure made of concrete and glass. The DSTA likes to think of the building as a metaphor for Dutch issuance – solid and transparent. That is not entirely fanciful, as the recent 10-year Dutch bond issue once again demonstrated.

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