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EGB Supply W/C Oct 10, 2022

EUROZONE ISSUANCE

Slovakia, Germany, Portugal and Italy all still look to issue bonds this week while the EU, the Netherlands and Germany came to the market on Tuesday. We look for estimated gross nominal issuance of E37.9bln from announced operations, up from this week’s E23.6bln.

  • Slovakia has issued a mandate for a new 10-year SlovGB benchmark. MNI expects the transaction to take place today with a size of E1-2bln. This will be Slovakia’s first (and likely only) syndication of 2022.
  • Germany will return to the market this morning with E4bln of the 1.70% Aug-32 Bund (ISIN: DE0001102606) on offer.
  • Also this morning, Portugal will look to sell E0.75-1.00bln combined of 3/9-year OTs: the 2.875% Oct-25 OT (ISIN: PTOTEKOE0011) and the 0.30% Oct-31 OT (ISIN: PTOTEOOE0033).
For more on this week's issuance see the PDF here:

EZ221012.pdf

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