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EGB auction sales this week.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: EGB auction sales this week totalled E15.0bln, versus
E15.8bln last week.
- RECAP: On Tuesday, Austria sold a combined E1.38bln of re-opened RAGBs: 0.50%
Feb-29 RAGB and 2.40% May-34 RAGB. Also on Tuesday, Germany allotted E0.4bln of
0.50% Apr-30 BundEi linkers. On Wednesday, Finland sold E1.0bln of 0.50% Sep-29
RFGB. On Thursday, Spain sold nominal and linker bonds: E1.3bln of 0.05% Oct-21
Bono and E1.1bln of 0.25% Jul-24 Bono, and E0.5bln of 1.00% Nov-30 BonoEi. Also
Thursday, France sold E9.0bln of OATs (all re-opens): E0.9bln of 2.75% Oct-27
OAT, E4.0bln of 0.50% May-29 OAT, E1.6bln of 1.25% May-36 OAT, and E2.5bln of
1.50% May-50 OAT.
- CASH FLOWS: With just E0.3bln in redemptions and E1.5bln in coupons (Italy)
due this week, cash flow for the week is estimated at positive E12.9bln, versus
negative E17.1bln last week.
** For full details, please see MNI Eurozone bond auction calendar, and MNI Cash
Flow Matrix: https://emedia.marketnews.com/CFM030619.pdf

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