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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE ISSUANCE
Germany, Finland, Spain and France are all due to hold auctions this week (in addition to Slovakia yesterday) while Greece is due to hold a syndication. We look for gross nominal issuance at first round operations of E30.5bln for these deals, down from E51.5bln this week.
- We had noted last week that we thought a Greece syndication was likely this week and the PDMA announce a mandate for a new 10-year Jun-33 GGB to be launched in the “near future”. We expect a E2.5-3.0bln deal size with the transaction taking place today.
- In today's auctions, Germany will look to launch the new Apr-28 Bobl (ISIN: DE000BU25000) via auction for E5bln. The coupon will be confirmed on Monday but is expected to be at least 2%.
- Also today, Finland will look to sell up to E750mln of each of the 5-year 1.375% Apr-27 RFGB (ISIN: FI4000527551) and the 10-year 1.50% Sep-32 RFGB (ISIN: FI4000523238).
For more on this week's issuance week the PDF here:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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