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EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE

France is due to hold auctions today. Already this week the EFSF, Finland, France, Lithuania and Spain have held syndications, whilst Slovakia and Germany have held auctions and Portugal held a reverse auction. We look for estimated gross issuance for the week at E57.2bln, up from E42.2bln last week.

  • Today, France will hold an MT OAT auction to sell a combined E11.0-13.0bln of the on-the-run 2.50% Sep-27 OAT (ISIN: FR001400NBC6), the 5.50% Apr-29 OAT (ISIN: FR0000571218) and the on-the-run 2.75% Feb-30 OAT (ISIN: FR001400PM68).
  • Later today, France will return to hold an I/L OAT auction to sell a combined E1.5-2.25bln of the 0.60% Jul-34 OATei (ISIN: FR001400JI88), the 1.80% Jul-40 OATei (ISIN: FR0010447367), the 0.10% Jul-53 OATei (ISIN: FR0014008181) and the 0.55% Mar-39 OATi (ISIN: FR001400IKW5).

For more details on issuance this week and next week see the full document here: EZ250123.pdf

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France is due to hold auctions today. Already this week the EFSF, Finland, France, Lithuania and Spain have held syndications, whilst Slovakia and Germany have held auctions and Portugal held a reverse auction. We look for estimated gross issuance for the week at E57.2bln, up from E42.2bln last week.

  • Today, France will hold an MT OAT auction to sell a combined E11.0-13.0bln of the on-the-run 2.50% Sep-27 OAT (ISIN: FR001400NBC6), the 5.50% Apr-29 OAT (ISIN: FR0000571218) and the on-the-run 2.75% Feb-30 OAT (ISIN: FR001400PM68).
  • Later today, France will return to hold an I/L OAT auction to sell a combined E1.5-2.25bln of the 0.60% Jul-34 OATei (ISIN: FR001400JI88), the 1.80% Jul-40 OATei (ISIN: FR0010447367), the 0.10% Jul-53 OATei (ISIN: FR0014008181) and the 0.55% Mar-39 OATi (ISIN: FR001400IKW5).

For more details on issuance this week and next week see the full document here: EZ250123.pdf