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EGB Supply for W/C 28 June: Recap

EUROZONE ISSUANCE

Belgium sold E3.8bln at auction on Monday while the second NGEU transaction on Tuesday raised E15bln.

  • Belgium kicked off issuance for the week on Monday, selling E3.791bln (the top of the E3.3-3.8bln target range): E1.928bln of the 10-year benchmark 0% Oct-31 OLO, E590mln of the 1.25% Apr-33 Green OLO and E1.273bln of the 30-year benchmark 1.70% Jun-50 OLO.
  • The EU held a dual-tranche 5/30-year syndication for the second NGEU transaction. E9bln of the 0% Jul-26 and E6bln of the 0.70% Jul-51 bonds were sold. Demand was once again very high with books totalling E88bln and E83bln for the issues respectively.

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