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EGB Supply

EUROZONE ISSUANCE

Greece, Germany, Spain, France, Ireland and Italy are all still due to hold auctions this week while Slovakia, Belgium and Finland have already held auctions this week and the EU and Italy have held syndications. We pencil in estimated gross issuance for the week at E44.8bln, up from E23.1bln last week.

  • Today will see Greece come to the market with up to E250mln of the on-the-run short 5-year 3.875% Jun-28 GGB (ISIN: GR0114033583).
  • This morning will also see Germany come to the market to sell E1bln of the 2.50% Jul-44 Bund (ISIN: DE0001135481) alongside E1bln of the 0% Aug-52 Bund (ISIN: DE0001102572).
For more on this week's issuance and a look ahead to next week's supply see the PDF here:

EZ240320.pdf

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