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Free AccessAustria, Spain and France are.....>
EUROZONE ISSUANCE: Austria, Spain and France are all due to come to the market
next week. We estimate supply for the week at E15.3bln compared to E22.2bln last
week.
- ISSUANCE: Austria and Germany kicked off issuance for the week on Tuesday.
Austria sold E0.90bln of RAGBs, selling E0.45bln of both the 0.00% Feb-30 RAGB
and the 1.50% Feb-47 RAGB. Germany followed up by selling E365.6mln across two
linkers, the 0.10% Apr-26 iBund and the 0.50% Apr-30 iBund.
- Today, Spain and France will round off issuance for the week. Spain will sell
a combination of Bonos, Oblis and Obli-Eis for a total of E4.0-5.0bln. The 0.00%
Apr-23 Bono, 0.00% Jan-25 Bono, 0.50% Apr-30 Obli and 0.70% Nov-33 Obli-Ei are
on offer. France look to sell E8.0-9.5bln of 10/15/30-year OATs. The 0.00%
Nov-29 OAT, 1.25% Nov-34 OAT and 0.75% May-52 OAT will be sold.
- CASH FLOWS: There will be E23.6bln in redemptions and E9.8bln in payments
which will leave net cash flows tat -E18.1bln for the week.
** For further information please see MNI Eurozone Issuance Profile & Cash Flow
Matrix: https://emedia.marketnews.com/CFM010320odnt.pdf
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.