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The Agency wants to increase the visibility of its debt instruments by listing them on Eurolist by Euronext. The Agency, which raised €25 billion in ten DTC auctions in the first five months of 2005, intends to raise between €32 billion and €36 billion in total by issuing or increasing government loans in the course of 2005. So far, it has raised €17.5 billion.
Joost van der Does de Willebois, head of Euronext Amsterdam, said, “Euronext Amsterdam is very pleased that its longstanding relationship with the Agency of the Dutch Ministry of Finance will continue under the new listing agreement for Dutch Treasury Certificates and the renewed listing agreement for government loans. We’re also pleased that the listing agreement will make Dutch Treasury Certificates more visible, which is beneficial for the DTC’s as well as for the market”
Erik Wilders of the Agency of the Dutch Ministry of Finance explained that the Dutch government wants to expand its investor base by listing the DTC programme on the exchange. “The value of DTC’s currently in issue is around €25 billion. The Dutch government’s high rating and liquid market make DTCs an appealing investment to investors in short-term notes.”
The value of bonds issued and admitted to listing on Euronext Amsterdam in the first five months of 2005 was €59 billion, compared with just over €108 billion for the whole of 2004.
