Bond Supply Calendar: FR/SK Syndication, NE/UK/DE Auctions Tues

Below are the known dates for auctions of European bonds and UK gilts. All times are UK.

See the notes section at the bottom for more colour.

• Austria plans 3-4 syndication in 2024 (it has held one triple tranche on 18 January) and to raise E6.0bln through green issuance (with an 80/20 bond/bill split).
• Belgium plans to launch 3 new benchmark OLOs in 2024 via in 3 syndications (3 in 2023). New 10-year OLO (launched on 9 January), one medium-term OLO (e.g. 5-year) and one long-term OLO (30-year launched on 7 February).
• The EFSF plans to issue E20bln in 2024 via syndications and the ESM E6bln in 2024.
• The EU has 6 planned syndications in H1 2024.
• Finland plans 3 syndications in 2024, 30-year benchmark has already been issued (on 17 January), a new 10-year is due. E10bln is expected to be raised at syndications in 2024.
• France plans to launch the following new issues in 2024: one new 3-year OAT (launched 18 January), one new 5/6-year OAT, not earlier than Q2, two new 10-year OATs via auction, new 30-year OAT via syndication, one new 10-year OATei and under consideration is a 15-20-year OATi. 3.00% Jun-49 Green OAT was launched on 16 January.
• Germany looks to raise E12bln via syndication in 2024, including one new 30-year (2.50% Aug-54 Bund launched 30 January) and one green.
• Ireland intends to conduct "at least one" syndication in Q1 2024. It launched a new 10-year IGB on 11 January.
• Italy plans to launch the following new issues in Q1 2024: BTP Short Term maturing 28-Jan-2026 (minimum outstanding E9bln), 3-year BTP maturing 15-Feb-2027 (launched 11 January, minimum outstanding E9bln), 5-year BTP maturing 1-Jul-2029 (minimum outstanding E10bln), 7-year BTP maturing 15-Feb-2031 (launched via syndication on 9 January; minimum outstanding E10bln already reached), 10-year BTP maturing 1-Jul-2034 (minimum outstanding E10bln). MEF will evaluate the possibility of placing a new BTP Green via syndication.
• Italy will consider one or more BTP Valore (first to launch W/C 27 February) and one or more BTP Italia launches in 2024. Possibility of new BTP Futura would be based on market conditions and demand for the instrument.
• The Netherlands will look to reopen the following In February/March: the 2.50% Jan-30 DSL (ISIN: NL0015001DQ7), the 3.25% Jan-44 Green DSL (ISIN: NL0015001RG8) and a reopening of another existing DSL (still TBC).
• Slovakia plans to raise E4.5-5.5bln through syndications in 2024 with 2-3 new issues launched: one 2-year (launched on 5 February, max issue size E1.5bln), one 4- year (launched on 5 February, max issue size E3bln), one 10-year (issue size E5bln).
• The UK DMO has announced it will hold an index-linked syndication in March 2024.
• The UK DMO plans to hold its next GEMM/Investor consultations on 18 March 2024.