Free Trial

EGB Supply For W/C Nov 16

EUROZONE ISSUANCE

Germany, France, Spain and Slovakia issued government bonds in the W/C 16 Nov 2020. Total supply came to E22.7bn compared to E23.3bn the previous week.

  • RECAP: Slovakia was the first up on Monday with a sale of the 1.00% Jun-28 SlovGB, 1.00% Oct-30 SlovGB, 1.00% May-32 SlovGB and the 2.00% Oct-47 SlovGB for a combined E362mn. On Tuesday Germany allotted E4.125bn of the 0% Dec-22 Schatz. Germany returned for a second time on Wednesday and allotted E2.4285bn of the 0% Aug-30 Bund. Spain came to market on Thursday and sold E1.844bn of the 0% Jan-26 Bono and the 0.80% Jul-27 Obli. France then auctioned the 1.75% May-23 OAT, 0% Feb-26 OAT and the 2.75% Oct-27 OAT for E8.495bn, as well as the 0.10% Mar-26 OATEi, 0.10% Mar-36 OATi and the 0.10% Jul-36 OATEi for E1.50bn. Italy issued a new dollar bond through syndication: the 1.25% Feb-26 bond for USD3bn.
  • CASH FLOWS: E0.9bn in coupon payments will leave cash flows at E21.8bn for the week.

** For further details (including our initial supply estimates for the week) please see: MNI Eurozone Issuance Profile and Cash Flow Matrix

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.