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EGB Supply For W/C Oct 3, 2022 (2/2)

EUROZONE ISSUANCE
  • On Thursday, Spain will look to sell the benchmark 10-year Obli alongside off-the-run 6/28-year Oblis and the Nov-30 Obli-Ei. On offer will be the 6.00% Jan-29 Obli (ISIN: ES0000011868), the 2.55% Oct-32 Obli (ISIN: ES0000012K61), the 1.00% Oct-50 Obli (ISIN: ES0000012G00) and the 1.00% Nov-30 Obli-Ei (ISIN: ES00000127C8). The auction size will be confirmed on Monday.
  • Finally on Thursday, France will look to sell E9-10bln of LT OATs (the benchmark 10/30/45-year). On off will be the 2.00% Nov-32 OAT (ISIN: FR001400BKZ3), the 0.75% May-53 OAT (ISIN: FR0014004J31) and the 1.75% May-66 OAT (ISIN: FR0013154028)

NET NOMINAL FLOWS: The upcoming week will see the redemption of a German Bobl for E19.5bln with E0.5bln of Italian coupon payments due. With estimated gross issuance of E23.4bln, MNI estimates net nominal issuance of positive E3.4bln in the week ahead, up from last week’s negative E6.0bln.

For a calendar of all announced EGB/EU/ESM/EFSF auctions see the MNI EZ/UK Bond Supply Calendar here.

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