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Eurozone and UK Government Debt Auction Calendar

By Tim Cooper
     LONDON, MAY 31 (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
--------------------------------------------------------------------------------
04 Jun    1015   Austria     E1.38bln            0.50% Feb-29 RAGB       Re-open
04 Jun    1015   Austria           ""            2.40% May-34 RAGB       Re-open
04 Jun    1030   Germany      E0.5bln          0.50% Apr-30 BundEi       Re-open
04 Jun    1030        UK    Stg3.0bln            1.00% Apr-24 Gilt       Re-open
05 Jun    1100   Finland      E1.0bln            0.50% Sep-29 RFGB       Re-open
06 Jun    0945     Spain    TBA Jun 4            0.05% Oct-21 Bono       Re-open
06 Jun    0945     Spain           ""            0.25% Jul-24 Bono       Re-open
06 Jun    0945     Spain           ""          1.00% Nov-30 BonoEi       Re-open
06 Jun    0950    France  E7.5-9.0bln             2.75% Oct-27 OAT       Re-open
06 Jun    0950    France           ""             0.50% May-29 OAT       Re-open
06 Jun    0950    France           ""             1.25% May-36 OAT       Re-open
06 Jun    0950    France           ""             1.50% May-50 OAT       Re-open
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                               Oct-49 Gilt  New, Cpn 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
02 Jul    1030        UK                               Oct-29 Gilt  New, Cpn TBA
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
16 Jul    1030        UK                         1.75% Sep-37 Gilt       Re-open
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
23 Jul    1030        UK                               Oct-29 Gilt       Re-open
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
06 Aug    1030        UK                               Jun-25 Gilt       Re-open
07 Aug    1030   Germany        E4bln                % Bobl Oct-24       Re-open
13 Aug    1000     Italy                                   M/L BTP     TBA Aug 8
13 Aug    1030        UK                         1.75% Jan-49 Gilt       Re-open
14 Aug    0945     Spain                                 Bono/Obli
20 Aug    1030        UK                    0.125% Aug-28 I/L Gilt       Re-open
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
03 Sep    1030        UK                               Jun-25 Gilt       Re-open
04 Sep    1030   Germany        E4bln                % Bobl Oct-24       Re-open
05 Sep    0945     Spain                                 Bono/Obli
05 Sep    0950    France                                   L/T OAT
05 Sep    1030        UK                               Oct-29 Gilt       Re-open
24 Sep    1030        UK                    0.125% Aug-48 I/L Gilt       Re-open
     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.
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.
UK: The next DMO consultation meeting with investors and GEMMs will be held on
August 19.
- The DMO intends to hold an I/L Gilt syndication with a maturity between
2040-2060 in the first half of July. We expect between 9-11 July.
- A syndication for a conventional gilt with maturity of at least 35 years will
be held in September.
--MNI London Bureau; +44 203 865 3807; email: tim.cooper@marketnews.com
[TOPICS: MTABLE,MNXAU$,M$E$$$,M$X$$$,M$$FI$]

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