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EGB Supply - W/C 29 April, 2024 (1/2)

EUROZONE ISSUANCE
Homepagemarkets-real-timeBulletMarketsFixed Income Bullets

Italy, the EU, the Netherlands, Germany, France and Belgium are all due to issue in the upcoming week. The syndication schedule may slow down again given the Mayday / bank holiday across much of Europe. We pencil in estimated gross issuance for the week at E33.0bln.

  • Italy will kick off issuance for the week on Monday with a 5/10-year BTP and CCTeu auction. On off will be E2.75-3.25bln of the 5-year on-the-run the 3.35% Jul-29 BTP (ISIN: IT0005584849) alongside E3.0-3.5bln of the 10-year on-the-run the 3.85% Jul-34 BTP (ISIN: IT0005584856). A new long 7-year 1.05% Apr-32 CCTeu will also be launched for E3.0-3.5bln.
  • The EU will also come to the market on Monday to hold an EU-bond auction. Up to E2.5bln of the short 5-year 3.125% Dec-28 EU-bond (ISIN: EU000A3K4EN5) will be on offer alongside up to E2.5bln of the 9-year 2.75% Feb-33 Green EU-bond (ISIN: EU000A3K4DW8).
  • The Netherlands will hold an auction on Tuesday with E2.0-2.5bln of the 2.50% Jul-34 DSL (ISIN: NL0015001XZ6) on offer.
  • Germany will also come to the market on Tuesday to launch the new 2.10% Apr-29 Green Bobl (ISIN: DE000BU35025) for E3bln.
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Italy, the EU, the Netherlands, Germany, France and Belgium are all due to issue in the upcoming week. The syndication schedule may slow down again given the Mayday / bank holiday across much of Europe. We pencil in estimated gross issuance for the week at E33.0bln.

  • Italy will kick off issuance for the week on Monday with a 5/10-year BTP and CCTeu auction. On off will be E2.75-3.25bln of the 5-year on-the-run the 3.35% Jul-29 BTP (ISIN: IT0005584849) alongside E3.0-3.5bln of the 10-year on-the-run the 3.85% Jul-34 BTP (ISIN: IT0005584856). A new long 7-year 1.05% Apr-32 CCTeu will also be launched for E3.0-3.5bln.
  • The EU will also come to the market on Monday to hold an EU-bond auction. Up to E2.5bln of the short 5-year 3.125% Dec-28 EU-bond (ISIN: EU000A3K4EN5) will be on offer alongside up to E2.5bln of the 9-year 2.75% Feb-33 Green EU-bond (ISIN: EU000A3K4DW8).
  • The Netherlands will hold an auction on Tuesday with E2.0-2.5bln of the 2.50% Jul-34 DSL (ISIN: NL0015001XZ6) on offer.
  • Germany will also come to the market on Tuesday to launch the new 2.10% Apr-29 Green Bobl (ISIN: DE000BU35025) for E3bln.