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EGB Supply

EUROZONE ISSUANCE

Germany, Spain and France all still look to issue bonds this week while Italy, the EU and the Netherlands have already come to the market. We look for estimated gross nominal issuance of E21.2bln from announced operations (excluding the Italian exchange), up from last week’s E7.3bln.

  • Germany will conclude November issuance this morning with E3bln of the 1.70% Aug-32 Bund (ISIN: DE0001102606) on offer.
  • Spain will come to the market tomorrow for its final 2022 auction with a combined E2.5-3.5bln of the 1.45% Oct-27 Obli (ISIN: ES0000012A89), the 0.10% Apr-31 Obli (ISIN: ES0000012H41) and the 0.85% Jul-37 Obli (ISIN: ES0000012I24) on offer.
  • France will hold its final OAT auction of the year with a combined E5-6bln on offer of the 0% Nov-31 OAT (ISIN: FR0014002WK3), the 0.50% May-40 OAT (ISIN: FR0013515806), the 3.25% May-45 OAT (ISIN: FR0011461037) and the 0.75% May-52 OAT (ISIN: FR0013480613).
For more on this week's issuance see the PDF here:

EZ221130.pdf

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