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Bill Supply for W/C Mar 7, 2022 (2/2) - Recap

EUROZONE T-BILL ISSUANCE
MNI (London)
  • On Tuesday, Spain kicked off issuance selling E1.994bln of 3/9-month letras (versus a E1.5-2.5bln target range): E629mln of 3-month Jun 10, 2022 letras and E1.315bln of 9-month Dec 9, 2022 letras.
  • Belgium also came to the market on Tuesday to sell a total of E3.540bln (top end of the E3.0-3.6bln target range) of 4/12-month TCs: E1.595bln of the Jul 14, 2022 TC and E1.945bln of the new Mar 9, 2023 TC.
  • Finland then sold just over E1.5bln of 8/11-month RFTBs: E752mln of the 8-month Nov 14, 2022 RFTB and E751mln of the new 11-month Feb 13, 2023 RFTB.
  • Tuesday's issuance concluded with the ESM selling E1.1bln of new 12-month Mar 16, 2023 bills.
  • On Wednesday, Greece sold E625mln of the new 52-week Mar 10, 2023 GTB.
  • Yesterday Italy concluded bill issuance for the week, selling E6.0bln of the new 12-month Mar 14, 2023 BOT.

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