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EGB Supply for W/C Feb 22 (2/2)

EUROZONE ISSUANCE
  • This morning, the Netherlands looks to sell E1.5-2.5bln of the 0.50% Jan-40 Green DSL.
  • Also today, Italy will come to the market to sell E2.0-2.5bln of the Sep-22 CTZ. Its BTPei auction has been cancelled following the syndication of the new 0.15% May-51 BTPei last week.
  • Tomorrow, Germany will re-open the 0% Feb-31 Bund with E4bln on offer.
  • Issuance for the week will conclude on Thursday with Italy returning to the market to sell E4.5-5.0bln of the new 5-year 0% Apr-26 BTP and E0.75-1.25bln of the 0.55% Dec-23 CCTeu. Note that Italy will not hold a 10-year BTP auction this week following the syndicated launch of the 0.60% Aug-31 BTP for E10bln last week.
For more on the upcoming auction schedule see the MNI Eurozone and UK Government Bond Auction Calendar here.

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