November 20, 2023 06:46 GMT
EGB Supply: W/C 20 Nov, 2023 (1/2)
Slovakia, Germany, Finland and Italy are all due to issue this week. We pencil in gross nominal issuance of E10.8bln, down from E31.0bln last week.
- Slovakia will look to kick off issuance for the week on Monday, with potentially its last auction of 2023 (the MNI Markets team thinks it is fairly unlikely that the December reserve auction will be utilised). On offer will be the 0.125% Jun-27 SlovGB (ISIN: SK4000017380), the 4.00% Oct-32 SlovGB (ISIN: SK4000021986), the 3.625% Jun-33 SlovGB (ISIN: SK4000023230) and the 3.75% Feb-35 SlovGB (ISIN: SK4000022539).
- Tuesday will see Germany come to the market to hold its last Bobl auction of 2023 with E3.5bln of the 2.40% Oct-28 Bobl (ISIN: DE000BU25018) on offer.
- Tuesday will also see Finland come to the market with up to E700mln of the on-the-run 3.00% Sep-33 RFGB (ISIN: FI4000550249) on offer alongside up to E300mln of the off-the-run 0.125% Apr-36 RFGB (ISIN: FI4000415153).