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Bill supply for W/C Apr 5, 2021: Recap

EUROZONE T-BILL ISSUANCE

Tuesday saw a busy start to Q2 bill supply with Belgium, France, Germany, the Netherlands and the ESM before Greece sold on Wednesday. Eurozone T-bill sales total E18.0bln for the week so far.

  • Belgium sold E805mln of the Jul 15, 2021 TC against a target of E0.6-1.0bln.
  • Germany allotted E5.11bln of bubills: E2.33bln of the 3-month Jul 28, 2021 bubill and E2.77bln of the 9-month Jan 19, 2022 bubill. Issuance volumes for both issues were E3bln.
  • The Netherlands sold E2.69bln of 3/6-month DTCs against a target of E2-4bln: E1.12bln of the Jul 29, 2021 DTC and E1.57bln of the new Sep 29, 2021 DTC.
  • The ESM sold E1.5bln of the new 3-month Jul 8, 2021 bill.
  • France concluded Tuesday's issuance selling E6.184bln BTFs, at the top of the target range: E2.595bln of the new 13-week Jul 7, 2021 BTF, E1.596bln of the 20-week Aug 25, 2021 BTF and E1.993bln of the 50-week Mar 23, 2022 BTF.
  • Greece came to the market Wednesday to sell E812.5mln of the new 13-week Jul 9, 2021 GTB.

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