Free Trial

EGB supply for W/C May 17, 2021: Recap

EUROZONE ISSUANCE

The EU, Slovakia and Germany have already sold bonds this week, with E20.7bln of issuance so far.

  • Slovakia will kicked off issuance for the week on Monday, selling E529mln of SlovGBs (against a E500mln target): E118.5mln of the 0.25% May-25 SlovGB, E114mln of the 1.00% Oct-30 SlovGB, E167mln of the 1.00% May-32 SlovGB and E129.2mln of the 2.00% Oct-47 SlovGB.
  • The EU held a dual tranche syndication for its SURE programme on Tuesday. It sold E8.137bln of a new long 8-year 0% Jul-29 bond and E6bln of a new long 25-year 0.75% Jan-47 bond. MNI expects this transaction to have completed the bulk of the planned EU SURE funding.
  • Germany will also come to the market on Tuesday, looking to sell E6bln of the new Jun-23 Schatz. The auction was technically uncovered with only E4.85bln allotted from bids of E5.47bln.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.