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DSTA funding update

EUROZONE ISSUANCE
  • The DSTA has updated the Netherlands' funding need for 2022 at E73.3bln (from the preliminary E74.5bln estimate). This is due to a downward revision of money market maturities from E20.5bln to E19.3bln (with unchanged capital markets redemptions of E30.7bln and cash deficit of E23.3bln).
  • Capital markets instruments are still expected to see an unchanged gross supply target of E45bln for the year (down from "around" E60bln target in 2021 - which had been upwardly revised from "at least E50bln").

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