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EGB Supply

EUROZONE ISSUANCE

Italy is due to return to the market today after holding an auction already while the EU, the Netherlands and Germany have all also held auctions. We pencil in gross nominal issuance of E34.6bln, up from E27.0bln last week.

  • This morning, Italy will look to hold a 5/10-year BTP / CCTeu auction including a new 5-year BTP as we expected. On offer will be E4.5-5.0bln of the new 5-year 4.10% Feb-29 BTP (ISIN: IT0005566408), E2.5-3.0bln of the 10-year on-the-run 4.20% Mar-34 BTP (ISIN: IT0005560948), E500-750mln of the 0.50% Apr-26 CCTeu (ISIN: IT0005428617) and E500-750mln of the 0.75% Oct-30 CCTeu (ISIN: IT0005491250).
For more on this week and next week's supply see the PDF here:

EZ230928.pdf

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