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EGB issuance gets underway in.....>

EUROZONE ISSUANCE: EGB issuance gets underway in 2019 with Spain being the first
country to issue, and only country this week. Expected issuance for this week is
E5.8bln Vs E7.0bln last week. 
- ISSUANCE: Issuance is kicked of on Thursday when Spain come to market selling
four bonds. 
E4.0-5.0bln for the 0.05% Oct-21 Bono, 0.35% Jul-23 Bono, and 1.40% Jul-28 Obli,
plus a further E0.25-0.75bln for the 0.70% Nov-33 Linker Obli. 
- CASH FLOWS: This week sees E13.11bln worth cash flows returning to market
(E13.11bln in redemptions, E0.0bln in coupons). This leaves a net cash flow of
negative E7.3bln this week, versus negative E6.1bln last week. 
** For full details, please see MNI Eurozone bond auction calendar: 
* Cash Flow Matrix: 
* Issuance Profile:

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