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EGB Supply For W/C Oct 19

EUROZONE ISSUANCE
Germany, Belgium, the ESM and Slovakia issued bonds in the W/C Oct 19. Supply for the week came to E8.3bn compared to E26.1bn the previous week.
  • RECAP: Slovakia held the first auction of the week with a tap of the 0.125% Jun-27 SlovGB, 0.75% Apr-30 SlovGB, 1.625% Jan-31 SlovGB and the 1.875% Mar-37 SlovGB on Monday for a combined E478mn. Belgium then re-opened the 0.10% Jun-30 OLO and the 1.45% Jun-37 OLO for E1.80bn. The ESM placed E2bn of the 0% Oct 24 bond. On Tuesday Germany allotted E3.665bn of the 0% Sep-22 Schatz
  • CASH FLOWS: E9.0bn in redemption and E1.9bn in coupon payments will leave net cash flows at E-2.6bn for the week.
** For further details (including our initial supply estimate for the week) please see MNI Eurozone Issuance Profile and Cash Flow Matrix
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com