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.
2026 February Benchmark 10Y
On Wednesday, 18 February 2026, the Flemish Community successfully launched and priced a long 10‑year bond. The transaction ranked among its most successful to date, generating a total order book exceeding 14.4 billion euros. The Flemish Community fixed the size at 2 billion euros. This bond was placed at a coupon rate of 3.375% and a yield of 3.429%.
The issue attracted 154 interested investors from 25 different countries. Benelux investors formed the biggest investor group with 29.0%, followed by Southern European investors (20.8%) and French investors (14.7%).
In terms of investor type, the transaction was mainly supported by banks (51.8%), central banks & official institutions (17.2%) and funds & asset management (16.7%).
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%).