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EGB Supply For W/C June 13, 2022 (2/2)

EUROZONE ISSUANCE
  • This morning, Finland will look to reopen the 20-year 0.50% Apr-43 RFGB for up to E1.0bln.
  • Tomorrow morning, Spain will look to sell E4-5bln of the on-the-run 5-year Bono, an off-the-run Obli with an 8-year residual maturity and the on-the-run 15-year Obli: the 0% Jan-27 Bono (ISIN: ES0000012J15), the 1.95% Jul-30 Obli (ISIN: ES00000127A2) and the 0.85% Jul-37 Obli (ISIN: ES0000012I24).
  • Also tomorrow, France will look to sell E10.5-11.5bln of MT OATs: the 0% Feb-25 OAT (ISIN: FR0014007TY9), the 0.75% Feb-28 OAT (ISIN: FR001400AIN5), the 0.75% Nov-28 OAT (ISIN: FR0013341682) and the 0.50% May-29 OAT (ISIN: FR0013407236).
  • France will return later in the day to sell E1.0-1.5bln of linkers. On offer will be the 1.85% Jul-27 OATei (ISIN: FR0011008705), the 0.10% Mar-36 OATi (ISIN: FR0013524014) and the 1.80% Jul-40 OATei (ISIN: FR0010447367).

NET NOMINAL FLOWS: A E14.1bln Italian CCT-eu is the only redemption due this week while coupon payments will total E0.5bln. This leaves estimated net flows for the week at positive E22.5bln (from the negative E3.1bln last week).

For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.

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