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EGB Supply - W/C 25 December, 2023

EUROZONE ISSUANCE
  • There are no issuance operations scheduled for the remainder of 2023. We expect to receive funding plans from Italy, Finland and Greece this week while we have already received Germany and Portugal’s funding plan.
  • Next week, we are likely to receive more details of the bonds that Italy expects to sell in Q1-24 as well as the full calendar of French auctions (if that is not published the preceding week). It is likely that we will have to wait until January to receive 2024 funding plans from Spain.
  • The W/C 25 December sees no redemptions and coupon payments sum to E0.2bln (from Italy). This leaves net flows for the week at an estimated negative E0.2bln.
For more, including a summary of the 2024 Funding Plans we have received to date, see the full PDF here.

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