White & Case LLP has advised the Kingdom of Belgium on the update of its EMTN Programme.

The purpose of this update is, among other things, to allow issuances under a dual structure RegS/Rule 144A as well as renminbi denominated notes. The Belgian Treasury expects to issue €4 billion through its EMTN Programme during 2016. BNP Paribas Fortis is acting as Arranger under the EMTN Programme.

The White & Case team which advised on the transaction was led by partner Matthieu Duplat (Brussels) with support from associate Thomas Flament (Brussels), and included partner Raymond Simon (New York) and counsel Max Turner (Paris).