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Bill Supply for W/C 6 December, 2021: Upcoming

EUROZONE T-BILL ISSUANCE
MNI (London)

Spain, Belgium the ESM, Greece and Italy are all still due to sell bills this week (in addition to Germany, the Netherlands and France yesterday). We look for E25.5bln of issuance at first round operations, up from E15.1bln last week.

  • Kicking off this morning's issuance will be Spain with a combined E4-5bln of 6-month Jun 10, 2022 letras and new 12-month Dec 9, 2022 letras on offer.
  • Also this morning, Belgium will look to issue E0.6-1.0bln of the Mar 10, 2022 TC.
  • Concluding today's issuance, the ESM looks to sell up to E1.5bln of the new 3-month Mar 3, 2022 bills.
  • Tomorrow, Greece will come to the market to sell E625mln of the new 52-week Dec 9, 2022 GTB.
  • Bill issuance for the week will conclude on Friday as Italy looks to sell 12-month Dec 14, 2022 BOT (and there is also a chance of a 3-month/Flexible). Details will be announced later today.

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