Free Trial

EGB supply for W/C Apr 19, 2021 (1/2)

EUROZONE ISSUANCE

Slovakia, Germany, Finland, Spain and France have all held auctions this week while the EU has held a syndication. E33.5bln nominal has been raised through these issues, down from last week's E37.4bln (E39.0bln including second rounds last week).

  • Slovakia kicked off issuance on Monday with E458mln of SlovGBs: E145mln of the 0% Jun-24 SlovGB, E61.4mln of the 3.625% Jan-29 SlovGB, E142mln of the 1.00% Oct-30 SlovGB and E110mln of the 2.00% Oct-47 SlovGB.
  • On Tuesday, Germany allotted E4.085bln of the 0% Mar-23 Schatz with issuance volumes of E5bln.
  • Finland sold E986mln of the 20-year 0.25% Sep-40 RFGB, in line with the E1.0bln target.
  • The EU issued E4.75bln via syndication for its EFSM programme. It sold a new 0.25% Apr-36 bond with the proceeds being used to to roll a loan to Portugal that matures on 4 June.
  • On Wednesday, Germany returned to the market, allotting E3.42bln of the 0% Feb-31 Bund with issuance volumes of E4bln.

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.