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Bill Supply For W/C May 24, 2021

EUROZONE T-BILL ISSUANCE

Germany, France and Italy have issued E16.5bln of bills this week in first round operations,down from E18.8bln last week.

  • Germany kicked off issuance for the week on Tuesday, allotting E3.614bln of the new 12-month May 18, 2022 bubill, with issuance volumes of E4bln.
  • France then came to the market, selling E6.486bln of BTFs: E2.497bln of the 12-week Aug 18, 2021 BTF, E1.794bln of the 21-week Oct 20, 2021 BTF and E2.195bln of the new 51-week May 18, 2022 BTF.
  • Italy concluded issuance for the week on Thursday by selling E6bln of 6-month Nov 30, 2021 BOTs.

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