Through its Euro Medium Term Note (EMTN) programme, the Flemish Community can rely on (sustainability) benchmark bonds and private placements.
The Flemish Community increased the maximum aggregate outstanding amount from 40 to 55 billion euros in 2026. The maturities can vary from 1 year up to 50 years. The Flemish Community has an EMTN programme in place since 2009. The last update occurred in May 2026.
Consortium for benchmark issues
The Flemish Community selects every 3 years a consortium of banks to act as dealer via a tendering procedure. For the period 2024-2026, The Flemish Community selected a consortium of 4 banks:
- Deutsche Bank
- HSBC
- ING
- UniCredit
Request for participation for private placements
For each private placement the Flemish Community conducts a market consultation. Flanders will send a request for participation (RfP) to a selection of banks. Read more on our private placements procedure.
Outstanding EMTN issues
Interested in our outstanding EMTN issues? You find a comprehensive list in our current maturities overview.
More information about our EMTN programme
Want to know more about our EMTN programme? You find every detail in the latest offering circular and programme agreement.