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EGB Supply For W/C Apr 18, 2022 (1/2)

EUROZONE ISSUANCE
MNI (London)

Slovakia, Germany and Finland have sold bonds this week for E6.5bln. Spain and France are still due to sell bonds this week for a further E17.5bln. We look for gross nominal issuance of E24.7bln, up from E22.0bln last week.

  • Slovakia kicked off issuance on Tuesday with E518mln (vs E500mln target) of 3/8/15/30-year SlovGBs: E128mln of the 0.25% May-25 SlovGB (ISIN: SK4000017158), E62mln of the 0.75% Apr-30 SlovGB (ISIN: SK4120015173), E130mln of the 0.375% Apr-36 SlovGB (ISIN: SK4000018958) and E198mln of the 1.00% Oct-51 SlovGB (ISIN: SK4000019857).
  • Also Tuesday, Germany sold E4bln (E3.2835bln allotted) of the 0% Apr-27 Bobl (ISIN: DE0001141851).
  • Concluding Tuesday’s issuance, Finland sold E898mln (vs max E1.0bln) of the 10/30-year RFGBs: E398mln of the 0.75% Apr-31 RFGB (ISIN: FI4000148630) and E500mln of the 0.125% Apr-52 RFGB (ISIN: FI4000480488).
  • Germany returned to the market yesterday, selling E1bln ( E859mln allotted) of the 2.50% Aug-46 Bund (ISIN: DE0001102341).

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