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EGB supply for W/C 14 June, 2021 (2/2)

EUROZONE ISSUANCE
  • Spain will look to tap its on-the-run 3/7/15-year bonds on Thursday with issuance volumes to be announced Monday. On offer will be the 0% May-24 Bono, the 0% Jan-28 Bono and the 0.85% Jul-37 Obli.
  • France will look to sell E9-10bln MT OATs: the 0.50% May-25 OAT, the 0% Feb-27 OAT, the 0.75% May-28 OAT and the 0.50% May-29 OAT will all be available.
  • France will return later in the day to sell E1.75-2.25bln of linkers: the 0.10% Mar-25 OATi, the 0.10% Jul-31 OATei and the 0.10% Jul-47 OATei.

NET NOMINAL FLOWS: There are only small redemptions of E0.3bln in the upcoming week with E0.8bln of coupons. With gross nominal issuance of E43.0bln, we look for net nominal flows of E41.9bln, up substantially from the E14.5bln this week.

For more including graphical representations and detailed tables of redemptions and coupons in the months ahead see the MNI EGB Issuance, Redemption and Cash Flow Matrix here.

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