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EGB Supply

EUROZONE ISSUANCE

Italy looks to conclude issuance for the week on Friday while Belgium, the EFSF, Finland and Germany have all come to the market already. We pencil in gross nominal issuance of E14.6bln, down from E20.1bln last week.

  • Italy will look to hold a BTP Short Term auction on Friday, with a reopening of the 3.60% Sep-25 BTP Short Term (ISIN: IT0005557084) which was launched in July for E2.25-2.75bln (in line with MNI expectations). The BTPei auction that was due to be held simultaneously has been cancelled.
For more on this week's issuance and a look ahead to next week's supply see the PDF here:

EZ230824.pdf

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