September 11, 2023 05:41 GMT
EGB Supply: W/C 11 Sep, 2023 (1/3)
The EU, Slovenia, the Netherlands, Germany, Portugal and Ireland all look to issue in the week ahead. We pencil in gross nominal issuance of E29.9bln, higher than last week’s E26.7bln.
- The EU has issued an RFP for an EU-bond syndication, which was already pencilled into its calendar for the W/C 11 September. We don’t have a strong view on which bonds will be on offer but pencil in Tuesday transaction.
- Slovenia held an investor call on Thursday ahead of a 10-year USD benchmark syndicated transaction.
- Tomorrow, the Netherlands will look to kick off auctions for the week with E2.0-2.5bln of the 0% Jan-26 DSL (ISIN: NL0015000QL2) on offer.
- Also tomorrow, Germany will look to sell on E5.5bln of the 3.10% Sep-25 Schatz (ISIN: DE000BU22023).