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Bill Supply For W/C May 31, 2021

EUROZONE T-BILL ISSUANCE

Greece are due to issue bills today while France, Belgium and the ESM have already issued this week. It will be a light week in terms of volumes with E9.6bln expected to be issued, down from E16.5bln last week.

  • France kicked off bill issuance for the week on Monday, selling just under E6.5bln of BTFs on offer: E2.495bln of the new 13-week Sep 1, 2021 BTF, E1.696bln of the 20-week Oct 20, 2021 BTF and E2.297bln of the 50-week May 18, 2022 BTF.
  • Belgium came to the market yesterday to sell E800mln of the 3-month Sep 9, 2021 TCs, the middle of the E0.6-1.0bln range.
  • The ESM will also came to the market yesterday to sell E1.5bln of 3-month Sep 9, 2021 bills.
  • This morning, Greece will look to sell E625mln of 26-week Dec 3, 2021 GRTBs.

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