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Bill Supply For W/C Oct 4, 2021: Recap (1/2)

EUROZONE T-BILL ISSUANCE

Germany, the Netherlands and France sold E16.7bln of T-bills on Monday. Spain, Belgium and the ESM sold a further E7.5bln on Tuesday. The EU and Greece then sold E5.6bln on Wednesday. This brings the weekly total of Eurozone bills sales through first round operations to E29.8bln, up markedly from last week's E10.7bln.

  • Germany sold 3/9-month bubills: allotting E3.442bln of the 3-month Jan 19, 2022 bubill and E2.472bln of the 9-month Jul 20, 2022 bubill. Issuance volumes were E3.5bln and E2.5bln respectively (from an originally planned E3.0bln each issue).
  • The Netherlands sold E3.9bln of 4/6-month DTCs (against a target of E1.5-2.5bln for each issue): E1.970bln of the Jan 28, 2022 DTC and E1.930bln of the new Mar 30, 2022 DTC.
  • Monday afternoon, France sold E6.792bln of BTFs, against an upper target of E6.8bln: E3.399bln of the 13-week Jan 5, 2022 BTF, E1.897bln of the 22-week Mar 9, 2022 BTF and E1.496bln of the 48-week Sep 7, 2022 BTF.

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