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FOREX

Markets Consolidate After Busy Week

BONDS

Another busy session in terms of volumes

EQUITIES

Generally lower outside Japan

ITALY AUCTION RESULTS

BTP-ST / BTPei

By Tim Cooper
     LONDON, MAY 1 (MNI) - Below are the known dates for auctions of European
bonds and U.K. gilts. In addition, forthcoming syndication deals in the pipeline
are also listed below, along with a summary of recent MNI exclusive comments
from EMU debt agencies.
         TIME
DATE     (UK)      COUNTRY       AMOUNT                    DETAILS       COMMENT
--------------------------------------------------------------------------------
02 May   0950       France  E7.0-8.0bln           0.50% May-29 OAT       Re-open
02 May   0950       France           ""           1.25% May-34 OAT       Re-open
02 May   0950       France           ""           1.75% Jun-39 OAT       Re-open
07 May   1015      Austria     E1.38bln          0.00% Jul-23 RAGB       Re-open
07 May   1015      Austria           ""          0.50% Feb-29 RAGB       Re-open
07 May   1030      Germany                          Bundei auction
08 May   1030      Germany        E3bln              % Bobl Apr-24       Re-open
09 May   0945        Spain    TBA May 6                  Bono/Obli     TBA May 3
09 May   1000      Ireland                                     IGB     TBA May 6
09 May   1030           UK                       1.00% Apr-24 Gilt       Re-open
14 May   1000        Italy                                 M/L BTP     TBA May 9
15 May   1030      Germany        E1bln              % Bund Aug-48       Re-open
16 May   0950       France                                 M/T OAT
16 May   1050       France                                 I/L OAT
20 May   1000     Slovakia                          SLOVGB auction
21 May   0900  Netherlands      E4-6bln          Jan-40 Green Bond    TBA May 17
22 May   1030      Germany        E3bln              % Bund Feb-29       Re-open
23 May   0945        Spain                               Bono/Obli
23 May   1030           UK                  0.125% Aug-28 I/L Gilt       Re-open
28 May   1000        Italy                               CTZ/BTPEi    TBA May 23
28 May   1030      Germany        E5bln            % Schatz Jun-21           New
29 May   1030      Germany        E3bln              % Bobl Arp-24       Re-open
30 May   1000        Italy                                 M/L BTP    TBA May 27
04 Jun   1015      Austria                            RAGB auction
04 Jun   1030      Germany                          Bundei auction
04 Jun   1030           UK                       1.00% Apr-24 Gilt       Re-open
06 Jun   0945        Spain                               Bono/Obli
06 Jun   0950       France                                 L/T OAT
12 Jun   1030      Germany        E3bln              % Bund Feb-29       Re-open
12 Jun   1030           UK                  0.125% Aug-48 I/L Gilt       Re-open
13 Jun   1000        Italy                                 M/L BTP   TBA June 10
13 Jun   1000      Ireland                                     IGB   TBA June 10
17 Jun   1000     Slovakia                          SLOVGB auction
17 Jun   1030      Belgium                             OLO auction
18 Jun   1030           UK                               2049 Gilt      New, TBA
19 Jun   1030      Germany        E1bln          2.50% Bund Aug-46       Re-open
20 Jun   0945        Spain                               Bono/Obli
20 Jun   0950       France                                 M/T OAT
20 Jun   1050       France                                 I/L OAT
25 Jun   1000        Italy                               CTZ/BTPEi    TBA Jun 20
25 Jun   1030      Germany        E5bln            % Schatz Jun-21       Re-open
25 Jun   1030           UK                       1.75% Jan-49 Gilt       Re-open
27 Jun   1000        Italy                                 M/L BTP    TBA Jun 24
03 Jul   1030      Germany        E4bln              % Bobl Oct-24           New
04 Jul   0945        Spain                               Bono/Obli
04 Jul   0950       France                                 L/T OAT
09 Jul   1015      Austria                            RAGB auction
09 Jul   1030      Germany                                  Bundei
10 Jul   1030      Germany        E4bln              % Bund Aug-29           New
11 Jul   1000        Italy                                 M/L BTP     TBA Jul 8
17 Jul   1030      Germany        E1bln              % Bund Aug-48       Re-open
18 Jul   0945        Spain                               Bono/Obli
18 Jul   0950       France                                 M/T OAT
18 Jul   1050       France                                 I/L OAT
22 Jul   1030      Belgium                             OLO auction
26 Jul   1000        Italy                               CTZ/BTPEi    TBA Jul 23
30 Jul   1000        Italy                                 M/L BTP    TBA Jul 25
30 Jul   1030      Germany        E4bln            % Schatz Jun-21       Re-open
31 Jul   1030      Germany        E3bln              % Bund Aug-29       Re-open
01 Aug   0945        Spain                               Bono/Obli
01 Aug   0950       France                       M/T, I/L, L/T OAT      Optional
06 Aug   1015      Austria                            RAGB auction       Reserve
07 Aug   1030      Germany        E4bln              % Bobl Oct-24       Re-open
13 Aug   1000        Italy                                 M/L BTP     TBA Aug 8
14 Aug   0945        Spain                               Bono/Obli
21 Aug   1030      Germany        E2bln              % Bund Aug-50           New
27 Aug   1000        Italy                               CTZ/BTPEi    TBA Aug 22
27 Aug   1030      Germany        E5bln            % Schatz Sep-21           New
29 Aug   1000        Italy                                 M/L BTP    TBA Aug 26
03 Sep   1015      Austria                            RAGB auction
04 Sep   1030      Germany        E4bln              % Bobl Oct-24       Re-open
05 Sep   0945        Spain                               Bono/Obli
05 Sep   0950       France                                 L/T OAT
     ESM / EFSF: Q2 long-term funding targets are a combined E6.5bln. That
follows E9.5bln in Q1.
- The EFSF scheduled funding target for the second quarter of 2019 is E4.0bln.
- The ESM scheduled funding target for the second quarter of 2019 is E2.5bln.
- Q3 expected E6.0bln, Q4 expected 10.5bln.
NETHERLANDS: The Dutch state is to issue a Green bond in May, with maturity >=
15 years and target volume of E4-6bln. Announcement day is April 8.
FINLAND: The State Treasury does not publish a calendar of auctions. Information
on upcoming bond auctions is announced approximately one week before the auction
date.
--MNI London Bureau; +44 203 865 3807; email: tim.cooper@marketnews.com
[TOPICS: MTABLE,MNXAU$,M$E$$$,M$X$$$,M$$FI$]