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EGB Supply - W/C 8 January, 2024 (2/3)

EUROZONE ISSUANCE
  • On Tuesday, the Netherlands will come to the market with E2.0-2.5bln of the 6-year 2.50% Jan-30 DSL (ISIN: NL0015001DQ7) on offer.
  • Austria will look to hold an auction on Tuesday with a combined E2.01bln of the 10-year 2.90% Feb-33 RAGB (ISIN: AT0000A324S8) on offer alongside the 30-year 3.15% Oct-53 RAGB (ISIN: AT0000A33SK7)
  • On Wednesday, Germany will look to issue E5bln of the new Feb-34 Bund (ISIN: DE000BU2Z023). The coupon will be confirmed on Tuesday.
  • On Thursday, Italy will look to hold a 3/7/15-50-year BTP auction. We look for E3.0-3.5bln of the new 3-year Feb-27 BTP alongside E2.5-3.0bln of the 7-year 4.00% Nov-30 BTP (ISIN: IT0005561888). Depending on syndication timings, there is a good chance that the 15+ BTP auction is cancelled.

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