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EGB Supply For W/C May 9, 2022 (1/2) - Recap

EUROZONE ISSUANCE
MNI (London)

The Netherlands, Austria and Germany have sold bonds this week for E6.9bln. The EU, Germany, Portugal, Italy and Ireland are still due to sell bonds this week. We look for estimated gross nominal issuance of E26.6bln, up from E19.4bln last week.

  • The Netherlands kicked off auction issuance for the week yesterday, selling E2.515bln (vs E2-3bln range) of the 0% Jan-26 DSL (ISIN: NL0015000QL2).
  • Austria sold a combined E1.38bln of on-the-run 7/10-year RAGBs: E690mln of the 0% Oct-28 RAGB (ISIN: AT0000A2VB47) and E690mln of the 0.90% Feb-32 RAGB (ISIN: AT0000A2WSC8). E600mln of each were allotted.
  • Germany concluded yesterday's issuance, selling E3bln (E2.414bln allotted) of the 0% Apr-27 Bobl (ISIN: DE0001141851).

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