Free Trial

EGB Supply For W/C Aug 29, 2022 (1/2)

EUROZONE ISSUANCE

The EU, Italy, Spain, France, Ireland and Belgium are all due to sell bonds this week. We look for estimated gross nominal issuance of E29.0bln, up from last week’s E17.0bln sold.

  • The EU will kick off issuance today with up to E4bln of the 0.80% Jul-25 EU NGEU (ISIN: EU000A3K4DJ5) on offer. This will be the first EU auction that has had an amount of greater than E2.5bln issued (although syndications of course have been much larger than the E4bln on offer at this auction).
  • Tomorrow, Italy will conclude August’s issuance with up to E8.0bln on offer: E2.75-3.25bln of the on-the-run 5-year 2.65% Dec-27 BTP (ISIN: IT0005500068), E0.75-1.25bln of the off-the-run 3.50% Mar-30 BTP (ISIN: IT0005024234), E1.75-2.25bln of the on-the-run 10-year 2.50% Dec-32 BTP (ISIN: IT0005494239) and E0.75-1.25bln of on-the-run the 0.75% Oct-30 CCTeu (ISIN: IT0005491250).

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.