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Bill supply for W/C Feb 15, 2021 (1/2)

EUROZONE T-BILL ISSUANCE

Germany, the Netherlands, France, Spain, the ESM, Portugal and Ireland have all sold bills this week, totalling E19.9bln in first rounds.

  • Germany sold E6bln bubills: it allotted E2.83bln of the 5-month Jul 28, 2021 bubill and E2.29bln of the 11-month Jan 19, 2022 bubill.
  • The Netherlands sold E1.56bln DTCs against a target of E1-3bln: E730mln of the Mar 28, 2021 DTC and E830mln of the Jul 29, 2021 DTC.
  • France concluded Monday's issuance by selling E6.294bln BTFs, the top end of the E5.1-6.3bln target: E3.300bln of the 12-week May 12, 2021 BTF, E1.396bln of the new 23-week Jul 28, 2021 BTF and E1.598bln of the 49-week Jan 26, 2022 BTF.
  • Spain kicked off Tuesday's issuance by selling E2.591bln letras against a E2-3bln target: E480mln of the 3-month May 7, 2021 letras and E2.111bln of the 9-month Nov 12, 2021 letras.
  • The ESM also come to the market Tuesday to sell E1.5bln of the new 6-month Aug 19, 2021 bill.

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