Free Trial

EGB Supply For W/C Sep 13, 2021: Recap

EUROZONE ISSUANCE

The Netherlands, Italy, Germany, and the EU all sold bonds on Tuesday, raising E21.7bln in nominal terms.

  • The Netherlands kicked off auctions for the week, selling E1.98bln of the 30-year 0% Jan-52 DSL against a target of E1-2bln.
  • Italy then sold E5.75bln of on-the-run 3/7/30-year BTPs (at the top of the size target): E2.0bln of the 0% Aug-24 BTP, E2.0bln of the 0.50% Jul-28 BTP and E1.75bln of the 1.70% Sep-51 BTP.
  • Germany will came to the market allotting E3.908bln of 0% Sep-23 Schatz in a weak, technically uncovered auction that had an issuance size of E5bln.
  • The EU held a syndication to launch a new 7-year 0% Oct-28 NGEU bond, selling E9bln in a WNG transaction.

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.