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EGB Supply - W/C April 4, 2023 (2/2)

EUROZONE ISSUANCE
  • Germany will return to the market on Wednesday with E4bln of the 2.10% Nov-29 Bund (ISIN: DE0001102622) on offer.
  • France will conclude issuance for the week on Thursday with E10-11bln of LT OATs on offer. A new 10-year 3.00% May-33 OAT will be launched while there will be reopenings of the 20-year 2.50% May-43 OAT (ISIN: FR001400CMX2) and the 30-year 3.00% May-54 OAT (ISIN: FR001400FTH3).

NET NOMINAL FLOWS: The upcoming week sees a Lithuanian redemption of E0.8bln with coupons of E0.7bln. With estimated gross nominal issuance of E23.0bln next week, we look for net flows of positive E21.5bln in the week ahead, up from this week’s positive E0.4bln.

For more on the week ahead's issuance and a recap of this week's issuance operations click here.

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