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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE ISSUANCE
Spain, France and Latvia are all likely to issue bonds today. The ESM, Slovakia, Germany, Finland and Lithuania have already come to the market this week. We look for estimated gross nominal issuance of E26.2bln from announced operations, down from this week’s E37.8bln.
- Latvia has released a mandate to launch a new long 4-year Mar-27 GMTN in the “near future”. We expect the transaction today.
- Spain will come to the market this morning to issue E4.5-5.5bln combined of the on-the-run 3-year 0% May-25 Bono (ISIN: ES0000012K38), the 4-year 1.95% Apr-26 Obli (ISIN: ES00000127Z9) and the on-the-run 7-year 0.80% Jul-29 Obli (ISIN: ES0000012K53).
- France will then look to sell E9-10bln of MT OATs: the 0% Feb-25 OAT (ISIN: FR0014007TY9), the 0.50% May-26 OAT (ISIN: FR0013131877) and the 0.75% Feb-28 OAT (ISIN: FR001400AIN5).
- France will then conclude the week's issuance by selling E1.0-1.5bln of linkers. On offer will be the 0.10% Mar-36 OATi (ISIN: FR0013524014), the 0.10% Jul-36 OATei (ISIN: FR0013327491) and the 0.10% Jul-53 OATei (ISIN: FR0014008181).
For more on this week's issuance see the PDF here:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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