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Bill Supply For W/C Nov 16

EUROZONE T-BILL ISSUANCE
Germany, France, Spain and the ESM issued bills in the W/C 16 Nov 2020. Total supply came to E14.1bn compared to E21.5bn the previous week.
  • RECAP: Germany was the first to come to market with a tap of the Feb 3, 2021 and Aug 25, 2021 bubills on Monday, with E2.595bn allotted. France then sell a combination of 3-/6-/12-month BTFs for E7.287bn. Spain sold E1.02bn of 3- and 9-month letras on Tuesday. The ESM the placed EUR2bn of 6-month bills on the same day. Ireland sold E0.75bn of Apr 19, 2021 bills on Thursday.
  • CASH FLOWS: E14.3bn of redemptions will leave net cash flows at E-1.0bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar

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