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EGB Supply W/C October 24, 2022

EUROZONE ISSUANCE

Italy stills look to issue bonds this week while the EU Belgium, Germany and Greece have all come to the market already. We look for estimated gross nominal issuance of E22.3bln from announced operations, down from last week’s E30.3bln.

  • Italy will come to the market this morning with E2.0-2.5bln of the 1.75% May-24 BTP Short Term (ISIN: IT0005499311) on offer alongside E500-750mln of the 0.65% May-26 BTPei (ISIN: IT0005415416) and E500-750mln of the 0.10% May-33 BTPei (ISIN: IT0005482994).
  • On Friday, Italy will return to the market to sell 5/10-year BTPs alongside the CCTeu. The 5-year 2.65% Dec-27 BTP (ISIN: IT0005500068) will be reopened for E2.25-2.75bln, a new 10-year May-33 BTP will be launched for E3.25-3.75bln alongside E0.75-1.00bln of the 0.50% Apr-26 CCTeu (ISIN: IT0005428617).
For more on this week's issuance see the PDF here:

EZ221026.pdf

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