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Bond auctions next week

EUROZONE ISSUANCE

Germany, Spain and France all have scheduled auctions with possible syndications from a number of countries with the most likely candidates being Italy, Ireland, Slovenia and Portugal.

  • Germany will kick off 2022 auctions with E5bln of the 0% Dec-23 Schatz on offer on Tuesday.
  • On Wednesday, Spain will come to the market to sell 3/7/15-year on-the-run bonds (0% May-24 Bono, 0% Jan-28 Obli, 0.85% Jul-37) and the Obli0.65% Nov-27 Obli-Ei. Amounts will be confirmed next week.
  • Also Wednesday, Germany will return to the market to launch its new 10-year Bund for E4bln, the 0% Feb-32 Bund.
  • On Thursday, France will look to sell E10-11bln of OATs: the 0% May-32 OAT, the 0.50% May-40 OAT and the 0.75% May-53 OAT.
For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.

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