EGB Supply For W/C Feb 14 (1/2)

Lithuania, Belgium, the Netherlands, Germany, the ESM, Slovenia, Spain and France have all sold bonds this week, for a total gross issuance of E38.8bln in first round operations, up from E25.4bln last week. Italy has conducted a buyback of E3.25bln.

• On Tuesday, the Netherlands launched the new 10-year 0.50% Jul-32 DSL via DDA, issuing E5.956bln, the top of the target range.
• Belgium held a syndication on Tuesday, launching its new 30-year 1.40% Jun-53 OLO via syndication for E5.0bln.
• Germany held an auction Tuesday, allotting E3.247bln of the 0% Apr-27 Bobl, with issuance volumes of E4.0bln.
• The ESM held an E2.0bln syndicated tap of the 0% Dec-26 ESM yesterday, with book sizes of E37.0bln.
• Slovenia held a dual-tranche syndicated tap of the 2.25% Mar-32 and 0.4875% Oct-50 SLOREPs yesterday, with issuance volumes of E350mln and E400mln respectively.
• Germany returned to the market yesterday and allotted a further E3.3bln of the 0% Feb-32 10-year Bund, with issuance volumes of E4.0bln.
• Also Wednesday, Italy held a buyback of the 1.45% Sep-22 and 5.50% Nov-22 BTP, buying E775mln and E840mln respectively as well as E1.0bln of the 0% Sep-22 CTZ and E615mln of the 0% Dec-22 CCTeu.