In 2012, Wallonia set up an EMTN (Euro Medium Term Note) programme with BNP Paribas Fortis and ING (co-arrangers).
On 20 May 2022, at the time of the annual update, two new co-arrangers were appointed: Belfius Banque and HSBC Continental Europe. In addition, the amount of the programme was increased to EUR 25 billion.
The annual update took place on June, 1st 2023.
The EMTN programme allows Wallonia to increase its visibility on the financial markets, to have rapid and continuous access to the capital markets and to broaden its investor base via standard European-style documentation.
In addition to the two co-arrangers, the other dealers on this programme are Barclay's, BNP Paribas Fortis, CBC Banque, Goldman Sachs, ING, KBC Bank, Landesbank Baden-Württemberg and Natixis.