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EU updates its borrowing plans for the rest of 2021

EUROZONE ISSUANCE
  • E80bln target for bonds remains with E45bln already issued, with E35bln remaining for the rest of 2021.
  • Syndications to take place W/C 13 September, W/C 11 October and W/C 8 November.
  • Bond auctions to take place on the fourth Monday of each month and can be used to issued new bonds or for taps (27 Sep, 25 Oct, 22 Nov).
  • The EU also plans to issue a further E1.55bln under its MFA programme.
  • Bill issuance will begin in September with regular 3/6-month bills auctions on the first and third Wednesday of each month.
  • New issues of bills will be in the first auction of the month, with taps of these bill issues in the second auction of the month.
  • New bill issues to have E2-3bln size with taps E1.5-2bln.
  • Bill auctions scheduled for 15 Sep, 22 Sep, 6 Oct, 20 Oct, 3 Nov, 17 Nov, 1 Dec and optional auction on 15 Dec.

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