Free Trial

EGB Supply For W/C Oct 11, 2021 (2/2)

EUROZONE ISSUANCE
  • Italy will come to the market on Wednesday with benchmark 3/7/30-year BTPs on offer: the 0% Aug-24 BTP, the 0.50% Jul-28 BTP and the 1.70% Sep-51 BTP.
  • Germany will return to the market on Wednesday with E1bln of the 30-year 0% Aug-52 Bund on offer.
  • Ireland will round off EGB issuance for the week on Thursday with details of the auction to be announced Monday morning.

NET NOMINAL FLOWS: There will again be a single redemption in the week ahead, E13.9bln of the Italian 2.30% Oct-21 BTP which was originally launched as a 3-year BTP. Coupon payments of E1.2bln are due. This leaves our estimate of net nominal flows for the week at E10.4bln, up from E3.9bln last week.

For a recap of last week's issuance alongside graphical representations of issuance in the upcoming weeks and detailed tables of coupon and redemption schedules for the year ahead see the full document.

To read the full story

Close

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.