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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Belgium is scheduled to come to the Eurozone T-bill
issuance market Tuesday with re-opening of 3-month Nov 9, 2017 T-bill and
6-month Jan 11, 2018 T-bill for a combined total of between E1.3-E1.7bln.
Issuance is now estimated to total E8.4bln versus E12.79bln issued last week.
- SUPPLY: Still to come this week, on Wednesday Greece issue a new 26-week Feb
2, 2018 T-bill for E625mln.
- RECAP: To recap issuance so far this week, on Monday afternoon France issued
new 3-month BTF for E3.393bln, tapped 6-month BTF for E1.395bln and issued new
12-month BTF for E1.297bln. 
- REINVESTMENT FLOWS: Redemptions this week are due from France E6.682bln, Italy
E6.5bln, the Netherlands E4.24bln and Greece E1bln, turning net cash flow
negative to the tune of E10bln vs +E4.1bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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