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EGB Supply

EUROZONE ISSUANCE

Germany and France both still look to issue this week while Cyprus, Italy, the Netherlands, Austria and Germany have already come to the market. We pencil in gross nominal issuance of E32.4bln from announced issuance operations this week, a little higher than last week’s E31.7bln.

  • Germany will return to the market this morning with E4bln of the 2.10% Nov-29 Bund (ISIN: DE0001102622) on offer.
  • France will conclude issuance for the week tomorrow with E10-11bln of LT OATs on offer. A new 10-year 3.00% May-33 OAT (ISIN: FR001400H7V7) will be launched while there will be reopenings of the 20-year 2.50% May-43 OAT (ISIN: FR001400CMX2) and the 30-year 3.00% May-54 OAT (ISIN: FR001400FTH3).
For more on this week's issuance see the PDF here:

EZ230405.pdf

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