BLBG:Netherlands Says Ready to Sell Dollar Debt Given Opportunity
The Netherlands is ready to sell dollar-denominated bonds “if there is an opportunity” to benefit from lower U.S. interest rates than those available in the euro area, according to the Dutch State Treasury Agency.
Officials haven’t found an “adequate window” yet and it’s difficult to say if a sale will take place this year as it depends on market conditions, Peter Nijsse, the head of cash management, issuance and trading at the DSTA, said in an interview in Singapore today.
“It’s a combination of the basis swaps, which is now sort of moving in our favor but also our euro level is getting tighter and tighter,” Nijsse said. “So we are ready to do that but we will only issue if it’s beneficial for us. I hope that it will happen because we took a lot of effort into preparing everything.”
To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net
To contact the editor responsible for this story: Sunil Jagtiani at sjagtiani@bloomberg.net