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EGB Supply

EUROZONE ISSUANCE

Italy is due to issue today while Austria and Germany have already come to the market this week. We pencil in gross nominal issuance of E14.3bln, down from E34.5bln last week.

  • Italy will look to conclude issuance for the week this morning with a 3/7/15/30-year BTP auction. On offer will be E2.5-3.0bln of the 3-year on-the-run 3.85% Sep-26 BTP (ISIN: IT0005556011), E1.0-1.5bln of the off-the-run 7-year 3.50% Mar-30 BTP (ISIN: IT0005024234), E1.5-2.0bln of the 7-year on-the-run 4.00% Nov-30 BTP (ISIN: IT0005561888), E1.0-1.5bln of the 15-year 3.25% Mar-38 BTP (ISIN: IT0005496770) and E0.75-1.0bln of the on-the-run 30-year 4.50% Oct-53 BTP (ISIN: IT0005534141).
For more on this week and next week's supply see the PDF here:

EZ231109.pdf

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