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EGB Supply - W/C 1 January, 2024

EUROZONE ISSUANCE

Germany, Spain, France and Slovenia are all due to issue in the week ahead. In addition, there could be further syndications from Austria, the EFSF, Ireland, Italy and/or Portugal. We also expect to receive details of Spain’s 2024 funding plans in early January.

  • Germany will look to kick off 2024 EGB auctions this morning with E4.5bln of the 3.10% Dec-25 Schatz (ISIN: DE000BU22031) on offer.
  • Slovenia will come to the market to issue a new 10Y benchmark SLOREP via syndication in the “near future”, maturing in 2034. We expect the transaction to take place today and we look for a size between E1.0-1.5bln.
For more on this week's supply see the PDF here:

EZ240103.pdf

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