Obligation Rijksoverheid 3.75% ( NL0009446418 ) en EUR

Rijksoverheid

100 % ⇌

Pays-bas

NL0009446418 ( en EUR )

3.75% par an ( paiement annuel )

15/01/2042 - Obligation échue

Prospectus brochure de l'obligation Central government: Kingdom of the Netherlands NL0009446418 en EUR 3.75%, échue

1 EUR

17 747 545 000 EUR

Le gouvernement central du Royaume des Pays-Bas est responsable des affaires nationales telles que la défense, les relations extérieures, et la justice, partageant la souveraineté avec les pays constitutifs (Pays-Bas, Aruba, Curaçao et Sint Maarten).

L'Obligation émise par Rijksoverheid ( Pays-bas ) , en EUR, avec le code ISIN NL0009446418, paye un coupon de 3.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/01/2042

NL0009446418
______________________________________________________________________________________________

State of the Netherlands

3.75% bond 2010 due 15 January 2042
re
-opening

Issued under the authorization to contract bonds borne by the State of the

Netherlands, given by the Comptabiliteitswet 2016
(Government Accounts Act 2016)
______________________________________________________________________________________________

Issuance method
Tap Auction

Issuance period
13 November 2018; starting from 10:00 CET

Payment date
15 November 2018
______________________________________________________________________________________________

Bond
3.75% bond 2010 due 15 January 2042 issued by the State of the Netherlands

Interest
3.75% per annum

Interest due date
15 January 2019 and annually thereafter on 15 January

Initial maturity
31 years and 239 days

Remaining maturity
23 years and 61 days starting from 15 November 2018

Initial issuance date
21 May 2010

Redemption date
on 15 January 2042 the principal of the bond will be made redeemable at par;

early redemption either in whole or in part is not permitted

Issue price
the issue price will be announced via MTS Netherlands by 10.00 a.m. on

13 November 2018 and may be revised at any time

Announcement
the total accepted amount and the average auction price will be announced after
the close of the issue

DEFINITIONS
The terms used in the conditions have the meanings stated below:
DSTA: Dutch State Treasury Agency, part of the Ministry of Finance;
MTS: MTS Netherlands;
Necigef: Nederlands Centraal Instituut voor Giraal Effectenverkeer B.V. (Dutch Central Securities Giro Institute);
Euroclear: Euroclear Bank N.V.;
Clearstream: Clearstream Banking;
Target: Trans-European Automated Real-time Gross settlement Express Transfer;
equensWorldline: equensWorldline (formerly known as Equens N.V.);
Primary Dealer: Institution appointed as such by agreement with the State of the Netherlands;
Affiliated institution: Institution affiliated to Necigef;
Proposal: The offer to buy or sell a traded security via the MTS system with specification of the quantity and the price quoted;
Application: Participation in a proposal;
Tick: 1 tick represents 0,01% of the par value of the traded security;
Strips: (Separate Trading of Registered Interest and Principal Securities) a registered claim against the State of the Netherlands pertaining only to a nominal
amount which shall be paid at a certain time.

GENERAL CONDITIONS
ISSUE CONDITIONS

1.
Registered rights
1.
Issue price
The debt issued is embodied in the form of a registered right in the name of the affiliated
The issue price will be announced at the Issuance period. The issue price may be
institutions of Necigef. All or part of the debt issued can be made available for delivery in
revised at any time. The State of the Netherlands reserves the right to cancel the issue
the form of acquisition of a registered right in a nominal amount of whole euros.
at any time up to beginning of Issuance period.

2.
Interest
2.
Issuance method
The interest rate will accrue as from the Initial issuance date. The interest is paid on the
The bond will be sold exclusively through Primary Dealers. During the Issuance period
next Interest due date and is paid to Necigef in favour of the affiliated institutions and their
Primary Dealers may submit their applications in MTS. Acceptance will be in nominal
accountholders. Other rightful claimants are paid directly by DSTA. The interest will cease
amounts and at the prevailing issue price. The minimum amount accepted per trade is
to accrue on the due date for redemption.
euro 25 million with increments of euro 5 million. Trades less than euro 25 million

nominal will be cancelled. Trades more than euro 25 million which are not multiples of
3.
Redemption
euro 5 million will be rounded downwards to the nearest multiple of euro 5 million.
On the redemption date, the principal of the bond will be redeemable at par. Repayment of

the principal is made to Necigef in favour of the affiliated institutions and their
3.
Accrued Interest
accountholders. Other rightful claimants are paid directly by the DSTA. Early redemption
Interest will be calculated in accordance with section 250 of the ISMA Statutes, by-laws,
either in whole or in part is not permitted.
rules and recommendations on an actual/actual basis. Any change in the way interest is

calculated will become effective no sooner than on the next due date.
4.
Due dates for interest payment and redemption

If the Target and equensWorldline systems are not in operation on a due date for payment
4.
Reservations at Tap issue
of interest or principal of the bond as referred to in articles 2 and 3, the interest or the
The right is reserved, without giving reasons, to cancel proposals in whole or in part and
principal will become payable on the next day on which the Target and equensWorldline
to suspend or terminate the tap issue at any time. In addition the right is reserved to
systems are in operation.
unilaterally cancel applications that are not in line with these issue conditions or

inconsistent with the market level at the time of execution. To be inconsistent with the
5.
Limitation
market level, the application price must have differed by a minimum number of ticks
The right to payment of interest or the principal of the bond will lapse five years after the
from the last application executed on MTS within the previous 5 minutes, depending on
beginning of the day following the date on which these amounts first become payable.
the maturity of the security, as set out in the table below.

6.
Issue and purchase of strips
Upon request of a Primary Dealer, the DSTA issues strips against simultaneous
Maturity
Number of ticks
submission - by the Primary Dealer - of part of the bond. Strips thus issued can, upon
0 to 3,5 years
20
request of a Primary Dealer, be rejoined through submission - by the Primary Dealer - of
3,5 to 6,5 years
30
these strips against simultaneous issue of part of the bond by the DSTA. In respect of the
6,5 to 13,5 years
40
volume and due date of the instalments of interest and principal, strips are identical to the
13,5 years and more
60
respective part of the bond. The State of the Netherlands has appointed an institution to

administrate the rights and obligations pertaining to strips. The issue and submission, as
To identify the market level in the absence of applications executed within the previous
well as the settlement of strips may be subject to further provisions.

5 minutes, the second-best proposal present at the time of execution will be considered,
7.
Compliance by issuer with United States securities laws
taking account of the appropriate side of the market. In case of a unilateral cancellation
The issuer is a foreign government (as defined in Rule 405 under the Securities Act)
the DSTA shall notify the counterpart and MTS, via telephone, e-mail or fax without
eligible to register securities under Schedule B of the Securities Act, and the bonds are
delay, and in any event not later than 15 minutes before the end of opening hours of
backed by the full faith and credit of the issuer. The bonds have not been and will not be
MTS.
registered under the Securities Act and may be sold in the United States solely to qualified

institutional buyers in accordance with Rule 144A under the Securities Act.
The issuer represents, warrants and undertakes that neither it nor any person acting on its
5.
Settlement
behalf has made or will make offers or sales of securities under circumstances that would
Settlement takes place internal in Euroclear on issue account 25003 or in Clearstream
require the registration of any of the bonds under the Securities Act, and in particular, that:
through the electronic bridge.

neither the issuer nor any person acting on its behalf has engaged or will engage in

any direct selling efforts (as defined in Regulation S under the Securities Act) or in
6.
Listing
any form of general solicitation or general advertising (as those terms are used in
Listing of this bond on the Official Market of Euronext Amsterdam N.V. will be pursued.
Rule 502 (c) under the Securities Act) with respect to the bonds;

the bonds satisfy the eligibility requirements of Rule 144A(d)(3) under the Securities
7.
Payment
Act.

The amount payable will be equal to the product of the issue price and the awarded
8.
Applicable law and jurisdiction
nominal amount plus accrued interest. This amount which shall be paid on the Payment
The bond is subject to Netherlands law. Disputes may be brought exclusively before the
date (or in case of after tap placement the day of settlement) on a "trade for trade" basis
competent court in the Netherlands.
must be credited to the DSTA's issue account number 25003 with Euroclear.

In the event of late payment of the amount due, interest will be charged at the interest
9.
Costs
rate of this bond. The right is also reserved to recover any loss suffered by the State of
Where these conditions do not expressly state that they will be borne by the State of the
the Netherlands from the Primary Dealer concerned.
Netherlands, costs may not be charged to the State of the Netherlands.

8.
After placement
10.
Conditions
The right is reserved to place additional debt after this issue has been done.
In case of dispute as to the interpretation of these conditions, the Dutch text will be
binding. Copies of these conditions are available free of charge at Primary Dealers.

9.
Rights

The DSTA reserves the right to change the issue conditions at any time.

Den Haag, 7 November 2018

The Minister of Finance,
On his behalf,
The Agent of the Ministry of Finance,

Elvira Eurlings