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EGB Supply

EUROZONE ISSUANCE

Spain and France both look to issue today while the Netherlands, Italy and Germany have all sold bonds already this week. We pencil in gross nominal issuance of E41.4bln for the week, up from last week’s E15.7bln.

  • This morning, Spain will look to sell a combined E5.5-6.5bln of the 0% Jan-28 Obli (ISIN: ES0000012I08), the 3.15% Apr-33 Obli (ISIN: ES0000012L52) and the 1.90% Oct-52 Obli (ISIN: ES0000012K46).
  • France will then look to sell E10.5-12.0bln of MT OATs. On offer will be the 2.50% Sep-26 OAT (ISIN: FR001400FYQ4), the 0.75% Feb-28 OAT (ISIN: FR001400AIN5) and the 0% Nov-30 OAT (ISIN: FR0013516549).
  • France will conclude bond issuance for the week later today with E1.0-1.5bln of I/L OATs on offer: the 0.10% Mar-29 OATei (ISIN: FR0013410552), the 0.10% Jul-53 OATei (ISIN: FR0014008181) and the 0.10% Mar-36 OATi (ISIN: FR0013524014).
For more on this week's issuance see the PDF here:

EZ230316.pdf

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