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EGB Supply - W/C 23 Oct, 2023

EUROZONE ISSUANCE

Germany is due to return to the market while Italy and Finland are still due to issue this week. The EU, Belgium and the Netherlands have already issued this week. We pencil in gross nominal issuance of E19.7bln, down from E51.1bln last week.

  • Today, Italy will look to hold a BTP Short Term / BTPei auction. On offer will be E2.0-2.5bln of the 3.60% Sep-25 BTP Short Term (ISIN: IT0005557084), alongside E1.0-1.5bln of the 1.50% May-29 BTPei (ISIN: IT0005543803).
  • Today also sees Germany hold hold a 12/15-year Bund auction with E750mln of the 0% May-35 Bund (ISIN: DE0001102515) on offer alongside the on-the-run 15-year E1.25bln of the 1.00% May-38 Bund (ISIN: DE0001102598).

For more on this week and next week's supply, see the PDF:

EZ231025.pdf

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