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EGB supply for W/C May 10, 2021: Recap

EUROZONE ISSUANCE

Germany and the Netherlands have issued a total of E8.35bln nominal so far this week (E7.71bln in cash terms).

  • Germany launched its new 30-year Green Bund that mirrors the existing conventional 0% Aug-50 Bund with E6bln sold (E0.5bln retained by Buba). The transaction saw strong demand with books of E38.9bln and priced at a 2bp premium to the conventional Bund (89.215 at a yield of 0.391%).
  • The Netherlands sold E2.35bln the 10-year benchmark 0% Jul-31 DSL against an issuance target of E1.5-2.5bln.

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