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EGB Supply For W/C Oct 3, 2022

EUROZONE ISSUANCE

Spain and France both look to sell bonds today for an estimated E15.0bln while the EFSF, Austria, Germany and Estonia have held issuance operations already this week for E8.1bln. We therefore look for estimated gross nominal issuance this week of E23.1bln, little changed from last week’s E23.6bln.

  • This morning, Spain will look to sell the benchmark 10-year Obli alongside off-the-run 6/28-year Oblis and the Nov-30 Obli-Ei. E4-5bln will be on offer for nominals and E250-750mln for the linker. 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).
  • Finally this morning, France will look to sell E9-10bln of LT OATs (the benchmark 10/30/45-year). On offer 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).
For more details on this week's issuance see the PDF here:

EZ221006.pdf

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