Benchmark bonds issued by the Flemish Community are sizeable and regularly traded instruments that help establish visibility and credibility in the euro-denominated public sector bond market. While smaller in scale than sovereign issuers, these bonds contribute to market transparency and provide a reference point for regional government financing.
2025 November Benchmark 10Y
On Thursday, 20 November 2025, the Flemish Community successfully launched and priced a short 10-year bond as part of a dual-tranche EUR bond benchmark transaction. The transaction was very successful with a total order book of over 10.4 billion euros. The Flemish Community fixed the size at 1.75 billion euros. This tranche was placed at a coupon rate of 3.375% and a yield of 3.463%.
The issue attracted 155 interested investors from 22 different countries. Benelux investors formed the biggest investor group with 30.8%, followed by Southern European investors (25.5%) and German, Austrian and Swiss investors (11.3%).
In terms of investor type, the transaction was mainly supported by banks (51.5%), funds & asset management (20.4%) and central banks & official institutions (17.3%).
2025 November Benchmark 3Y
On Thursday, 20 November 2025, the Flemish Community successfully launched and priced a 3-year bond as part of a dual-tranche EUR bond benchmark transaction. The transaction was very successful with a total order book of over 9.4 billion euros. The Flemish Community fixed the size at 1.75 billion euros. This tranche was placed at a coupon rate of 2.375% and a yield of 2.495%.
The issue attracted 139 interested investors from 22 different countries. Benelux investors formed the biggest investor group with 23.7%, followed by Nordic investors (18.0%) and Southern European investors (16.7%).
In terms of investor type, the transaction was mainly supported by central banks & official institutions (32.3%), funds & asset management (31.3%) and banks (23.9%).
2025 Sustainability Benchmark
On Wednesday, 8 October 2025, the Flemish Community successfully launched and priced a short 25-year sustainability bond benchmark transaction. The transaction was very successful with a total order book of over 9.4 billion euros. The Flemish Community fixed the size at 1.5 billion euros. This tranche was placed at a coupon rate of 4.250% and a yield of 4.290%.
The issue attracted 162 interested investors from 28 different countries. French investors formed the biggest investor group with 28.8%, followed by German, Austrian and Swiss investors (24.1%) and Southern European investors (20.5%).
In terms of investor type, the transaction was mainly supported by funds & asset management (44.1%), insurance & pension funds (24.3%) and banks (23.8%).
2025 July Benchmark
On Tuesday, 1 July 2025, the Flemish Community successfully launched and priced a short 15-year EUR bond benchmark transaction. The transaction was very successful with a total order book of over 9.27 billion euros. The Flemish Community fixed the size at 2 billion euros. The bond was placed at a coupon rate of 3.675% and a yield of 3.736%.
The issue attracted 153 interested investors from 25 different countries. French investors formed the biggest investor group with 28.6%, followed by German, Austrian and Swiss investors (25.1%) and Benelux investors (17.3%).
In terms of investor type, the transaction was mainly supported by funds & asset management (47.4%), banks (24.0%) and insurance & pension funds (21.2%).
2025 February Benchmark
On Wednesday 26 February 2025, the Flemish Community successfully launched and priced a long 12-year EUR bond benchmark transaction. The transaction was very successful with a total order book of over 7.89 billion euros. The Flemish Community fixed the size at 1.5 billion euros. The bond was placed at a coupon rate of 3.250% and a yield of 3.338%.
The issue attracted 155 interested investors from 23 different countries. German, Austrian and Swiss investors formed the biggest investor group with 22.5%, followed by French (22.0%) and Southern European (17.1%) investors.
In terms of investor type, the transaction was mainly supported by funds & asset management (45.4%), banks (28.9%) and central banks & official institutions (16.0%).
2024 November Benchmark Tap
On Wednesday 20 November 2024, the Flemish Community successfully launched and priced a benchmark tap transaction of its 3.125% June 2034 bond. The transaction was very successful, with a total order book of over 8 billion euros. The Flemish Community fixed the size at 1 billion euros, bringing the total notional amount to 2.25 billion euros. The bond was placed at a yield of 3.152 %.
The issue attracted 179 interested investors from 25 different countries. Southern European investors formed the biggest investor group with 30.7%, followed by German, Austrian and Swiss investors (19.8%), French investors (14.2%) and Benelux investors (11.9%).
In terms of investor type, the transaction was mainly supported by banks (51.5%), funds & asset management (25.4%) and central banks & official institutions (10.0%).
2024 October Benchmark
On Wednesday 9 October 2024, the Flemish Community successfully launched and priced a 5-year EUR bond benchmark transaction. The transaction was very successful, with a total order book of over 6 billion euros. The Flemish Community fixed the size at 1.5 billion euros. The bond was placed at a coupon rate of 2.750% and a yield of 2.795%.
The issue attracted 147 interested investors from 24 different countries. Benelux investors formed the biggest investor group with 33.3%, followed by German, Austrian and Swiss investors (17.1%), Southern European investors (13.8%) and French investors (13.2%).
In terms of investor type, the transaction was mainly supported by banks (41.6%), central banks & official institutions (35.8%) and funds & asset management (19.2%).
2024 March Benchmark
On Wednesday 20 March 2024, the Flemish Community successfully launched and priced a long 10-year bond as part of a dual-tranche EUR bond benchmark transaction. The transaction was very successful with a total order book of over 10 billion euros. The Flemish Community fixed the size at 1.25 billion euros. This tranche was placed at a coupon rate of 3.125% and a yield of 3.250%.
The issue attracted 177 interested investors from 23 different countries. German, Austrian and Swiss investors formed the biggest investor group with 23.2%, followed by Benelux investors (22.4%), Southern European investors (20.0%) and French investors (11.4%).
In terms of investor type, the transaction was mainly supported by banks (46.2%), funds & asset management (33.5%), insurance & pension funds (9.7%) and central banks & official institutions (9.5%).
2024 Sustainability Benchmark
On Wednesday 20 March 2024, the Flemish Community successfully launched and priced a long 20-year sustainability bond as part of a dual-tranche EUR bond benchmark transaction. The transaction was very successful with a total order book of over 10.5 billion euros. The Flemish Community fixed the size at 1.25 billion euros. This tranche was placed at a coupon rate of 3.500% and a yield of 3.575%.
The issue attracted 190 interested investors from 24 different countries. French investors formed the biggest investor group with 23.8%, followed by German, Austrian and Swiss investors (22.7%), Southern European investors (21.9%) and Scandinavian investors (15.2%).
In terms of investor type, the transaction was mainly supported by funds & asset management (47.6%), insurance and pension funds (27.0%) and banks (21.4%).