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EGB Supply For W/C Mar 28, 2022 (2/2) - Upcoming

EUROZONE ISSUANCE
MNI (London)
  • Issuance for the week will conclude tomorrow with Belgium holding an ORI facility operation for up to E500mln. Details will be confirmed this afternoon.
NET NOMINAL FLOWS: There are two notable upcoming redemptions: a Belgian OLO originally issued as in 2006 with a 15-year maturity for E12.9bln as well as a formerly 5-year Italian BTP for E16.7bln. Coupon payments are expected to come in at E5.1bln (with E4.2bln from Finland). Together with the Portugal buyback, this would leave net estimated net flows for the week at negative E22.6bln (down from positive E31.5bln 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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