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EGB Supply

EUROZONE ISSUANCE

Germany, Spain, France, and Belgium all look to hold auctions this week. We pencil in an estimated gross issuance for the week at E23.4bln, down from E25.3bln last week.

  • This morning, Germany will kick off issuance with a Green auction. On offer will be E500mln of each of the 0% Aug-30 Green Bund (ISIN: DE0001030708) and the 0% Aug-50 Green Bund (ISIN: DE0001030724).
  • Germany will return to the market tomorrow on Wednesday to sell E5bln of the new 10-year Aug-34 Bund (ISIN: DE000BU2Z031). The coupon will be confirmed this morning.

For more on this week's issuance and a look ahead to next week's issuance see the full PDF here:

EZ240702.pdf

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