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EGB Supply For W/C Jan 17, 2021 (1/2)

EUROZONE ISSUANCE

Slovakia, Belgium, Italy, Germany, Finland, Austria, Greece, Spain and France have all sold bonds this week with E39.9bln nominal sold. This is marginally higher than last week's E39.2bln.

  • Slovakia kicked off issuance Monday selling E429mln 3/10/15/25-year SlovGBs: E75mln of the 0% Jun-24 SlovGB, E107mln of the 1.00% May-32 SlovGB, E173mln of the 0.375% Apr-36 SlovGB and E74mln of the 2.00% Oct-47 SlovGB.
  • On Tuesday, Belgium held a syndicated launch for a 10-year 0.35% Jun-32 OLO for E5.0bln.
  • Also Tuesday, Italy held a specialist tap selling E1.75bln combined: E965mln of the 10-year 0.95% Dec-31 BTP and E785mln of the off-the-run 15-year 2.25% Sep-36 BTP.
  • Germany then launched its new 0% Apr-27 Bobl for E4bln with E3.22bln allotted.
  • Concluding Tuesday's issuance, Finland sold E995mln of its 5-year 0% Sep-26 RFGB.
  • Wednesday morning, Germany returned to the market, allotting E1.3258bln of the 15-year 0% May-36 Bund with issuance volumes of E1.5bln.
  • Also Wednesday, Austria held a triple tranche 7/20/50-year syndication. The total transaction size was E6.25bln with E5.25bln allotted: E3.5bln (E3.0bln allotted) of the new short 7-year 0% Oct-28 RAGB, E1.5bln (E1.25bln allotted) of the 20-year 0% Oct-40 RAGB and the E1.25bln (E1.0bln allotted) of the 50-year 0.70% Apr-71 RAGB.
  • Greece also held a syndication Wednesday with E3bln of a new 10-year 1.75% Jun-32 GGB sold.

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