May 10, 2022 05:46 GMT
EGB Supply For W/C May 9, 2022 (1/2)
EUROZONE ISSUANCE
The EU, the Netherlands, Austria, Germany, Portugal, Italy and Ireland are due to sell bonds this week. We look for estimated gross nominal issuance of E26.8bln, up from E19.4bln last week.
- The EU will hold a syndication this week, with details to come. We expect the issuance volume to be approx. E7bln.
- The Netherlands will kick off auction issuance for the week this morning, with E2-3bln of the 0% Jan-26 DSL (ISIN: NL0015000QL2) on offer.
- Austria will then sell a combined E1.38bln of on-the-run 7/10-year RAGBs: the 0% Oct-28 RAGB (ISIN: AT0000A2VB47) and the 0.90% Feb-32 RAGB (ISIN: AT0000A2WSC8).
- Germany will conclude today's issuance, looking to sell E3bln of the 0% Apr-27 Bobl (ISIN: DE0001141851).
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