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EGB Supply

EUROZONE ISSUANCE

Italy looks to issue today while the EU, Greece, the Netherlands, Germany and Portugal have already come to the market this week. We pencil in gross nominal issuance of E30.5bln, up from E25.1bln seen last week.

  • Italy will hold its mid-month 3/7/15-50-year auction this morning for up to E10bln. The MEF will launch a new 3-year BTP 3.85% Sep-26 BTP (ISIN: IT0005556011) for E4.0-4.5bln, reopen the 7-year 3.70% Jun-30 BTP (ISIN: IT0005542797) for E2.5-3.0bln and will also look to sell E1.0-1.25bln of the 3.25% Mar-38 BTP (ISIN: IT0005496770) and E1.0-1.25bln of the 3.85% Sep-49 BTP (ISIN: IT0005363111).
For more on this week's issuance and a look ahead to next week's supply see the PDF here:

EZ230713.pdf

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