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EGB Supply

EUROZONE ISSUANCE

Belgium, Finland, France, Germany, Greece and Spain all still look to issue this week while the ESM and Slovakia came to the market yesterday. We pencil in gross nominal issuance of E32.0bln from announced operations.

  • Belgium has announced a mandate to launch a new 20-year Jun-43 OLO in the “near future”. We expect this transaction to take place today and pencil in a E5bln transaction size.
  • Also today, Finland will come to the market to sell E1.0-1.5bln of RFGBs. We pencil in a reopening of the 10-year 3.00% Sep-33 RFGB (ISIN: FI4000550249) alongside another RFGB.
For more on this week's issuance and a look ahead to next week, see the PDF here:

EZ230516.pdf

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