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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.
EUROZONE ISSUANCE
The EFSF, Austria, Germany, Spain and France will all look to issue bonds in the upcoming week. We look for estimated gross nominal issuance of E23.4bln from announced operations, little changed from this week’s E23.6bln.
- The EFSF has issued a mandate for a syndication in the “near future” for a new long 5-year Apr-28 bond. With E3.5bln of funding needs for the remaining of 2022, we see a good chance the EFSF could choose to raise all of those funds in the upcoming syndication. We expect the transaction to take place Tuesday.
- Austria will kick off auctions for the week this morning with a combined E1.725bln of 10/30-year RAGBs on offer: the 0.90% Feb-32 RAGB (ISIN: AT0000A2WSC8) and the 0.75% Mar-51 RAGB (ISIN: AT0000A2EJ08).
- This morning will also see Germany look to sell E400mln of the 0.10% Apr-33 ILB (ISIN: DE0001030583).
For more details on this week's issuance see the PDF here:
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.
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