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

EUROZONE ISSUANCE
MNI (London)
  • Spain will come to the market today to sell E5-6bln of the on-the-run 3-year Bono and off-the-run 10/30-year Oblis. On offer will be the 0% May-25 Bono (ISIN: ES0000012K38), the 5.75% Jul-32 Obli (ISIN: ES0000012411) and the 2.70% Oct-48 Obli (ISIN: ES0000012B47).
  • France will look to sell a combined E10-11bln of the 0% Feb-25 OAT (ISIN: FR0014007TY9), the 0% Feb-27 OAT (ISIN: FR0014003513) and the 2.50% May-30 OAT (ISIN: FR0011883966) on offer.
  • France will then sell a further E1.0-1.5bln of linkers will be on offer: the 0.10% Jul-31 OATei (ISIN: FR0014001N38), 0.10% Mar-36 OATi (ISIN: FR0013524014) and 0.10% Jul-53 OATei (ISIN: FR0014008181).

NET NOMINAL FLOWS: There is a single redemption this week, E8.5bln of an Austrian RAGB (originally issued as a 10-year) while coupon payments are expected to come in at E1.0bln. This would leave estimated net flows for the week at positive E15.1bln (from negative E5.6bln this week).

For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.

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