Free Trial

EGB Supply W/C 22 May, 2023 (1/2) - Upcoming

The EU, Germany, Italy and potentially Portugal all look to issue in the W/C 22 May. We pencil in gross nominal issuance of E20.5bln from announced operations, down from E33.1bln this week.
  • The EU will kick off auctions on Monday with up to E5bln of 5/11-year EU-bonds on offer: Up to E2.5bln each of the 0% Oct-28 EU-bond (ISIN: EU000A3KWCF4) and the 3.25% Jul-34 EU-bond (ISIN: EU000A3K4D41).
  • Belgium’s auction that was scheduled for Monday 22 May has been cancelled due to the 20-year 3.45% Jun-43 OLO syndication that was held on Tuesday 9 May.
  • The Netherlands will look to kick off Tuesday’s auctions, with E2.0-2.5bln of the 5-year 0.75% Jul-28 DSL (ISIN: NL0012818504) on offer.
  • Later on Tuesday, Germany will look to sell E6bln of the 2.80% Jun-25 Schatz (ISIN: DE000BU22015).

To read the full story


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.