Free Trial

EGB Supply For W/C Apr 25, 2022 (1/2) - Recap

EUROZONE ISSUANCE
MNI (London)

The EU, Belgium and Italy have sold bonds this week for E10.1bln. Italy will look to return to the market while Greece and Germany are also still to sell bonds for an estimated further E12.0bln. We look for gross nominal issuance of E22.1bln, down from E24.6bln last week.

  • The EU kicked off issuance for the week on Monday, selling E2.499bln of the 0.40% Feb-37 Green EU (ISIN: EU000A3K4C42).
  • Belgium then sold a combined E3.814bln (top of the target range) of the benchmark 10/30-year OLOs and a 6-year OLO: E1.372bln of the the 0.80% Jun-27 OLO (ISIN: BE0000341504), E1.542bln of the 0.35% Jun-32 OLO (ISIN: BE0000354630) and E900mln of the 1.40% Jul-53 OLO (ISIN: BE0000355645).
  • Yesterday, Italy sold a combined E3.75bln (top of target range) of the on-the-run BTP Short Term and 5-year BTPei: E2.75bln of the 0% Nov-23 BTP Short Term (ISIN: IT0005482309) and E1.00bln of the 0.65% May-26 BTPei (ISIN: IT0005415416).

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.