Free Trial

EGB Supply For W/C Oct 11, 2021 (1/2)

EUROZONE ISSUANCE

The EU, Netherlands, Germany, Italy and Ireland are all due to sell bonds this week. We estimate gross nominal issuance for the week at E25.5bln, little changed from last week's E25.4bln.

  • The EU is set to headline issuance this week with the launch of its inaugural green bond via syndication. We expect there to be huge demand and pencil in a transaction size of E10-15bln. We think that either a 15-year or 25-year maturity would be most likely and expect the syndication to take place on Tuesday.
  • The Netherlands will kick off the week's auctions on Tuesday morning with E1-2bln of the 2.75% Jan-47 DSL on offer.
  • Germany will also come to the market on Tuesday with E5bln of the 0% Sep-23 Schatz on offer.

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.