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Bill supply for W/C Feb 22, 2021

EUROZONE T-BILL ISSUANCE

Germany, France, Italy and Greece are all due to sell bills this week, raising an estimated E17.7bln, down from the E19.9bln issued last week in first round operations.

  • Germany will kick off bill issuance this morning with E4bln of the new 12-month Feb 23, 2022 bubill on offer.
  • France will also come to the market today to sell E4.4-6.0bln of BTFs: E2.2-2.6bln of the new 13-week May 27, 2021 BTF, E1.1-1.5bln of the 22-week Jul 28, 2021 BTF, E0.1-0.5bln of the 40-week Dec 1, 2021 BTF and E1.0-1.4bln of the 48-week Jan 26, 2022 BTF.
  • On Wednesday, Italy is scheduled to sell E6.5bln of the new 6-month BOT maturing Aug 31, 2021.
  • Greece will also come to the market on Wednesday to sell E625mln of the new 26-week Aug 27, 2021 GTB.
For details of upcoming T-bill auctions see the MNI Eurozone/UK T-bill auction calendar here.

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