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Bill supply for W/C Mar 29, 2021

EUROZONE T-BILL ISSUANCE

France and Greece are the only large Eurozone nations due to issue bills next week. We estimate E6.8bln will be raised, in a significant slowing of issuance going into the end of the quarter and a holiday shortened week. This week E16.2bln was raised through first round operations.

  • France will issue E4.8-6.0bln of BTFs on Monday afternoon: E2.1-2.5bln of the 12-week Jun 23, 2021 BTF, E1.2-1.6bln of the 21-week Aug 25, 2021 BTF and E1.5-1.9bln of the new 51-week Mar 23, 2022 BTF.
  • Greece will look to sell the 26-week Oct 1, 2021 GTB for E625mln on Wednesday.
For details of upcoming T-bill auctions see the MNI Eurozone/UK T-bill auction calendar here.

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