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EGB supply for W/C Mar 22, 2021 (2/2)

EUROZONE ISSUANCE
  • On Wednesday, Germanyallotted E3.28bln of its 0% Feb-31 Bund with issuance volumes of E4bln.
  • Italy concluded issuance for the week on Thursday launching the new 0% Nov-22 BTP Short Term for E4.0bln alongside E1.25bln of the 0.40% May-30 BTPei.
Net nominal flows: There were E4.8bln of redemptions this week: E1.8bln of an EU FRN, E2bln of an ITALY EMTN and E1bln of a Slovakia international bond. Coupons total E0.8bln. With nominal gross issuance of E27.8bln for the week, net nominal flows were E22.2bln (down from E38.2bln last week).

For more details and a full calendar of all announced operations see the MNI Eurozone/UK Bond Auction Calendar here.

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