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Eurozone and UK Government Debt Auction Calendar

By Tim Cooper
     LONDON, JUNE 14 (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
--------------------------------------------------------------------------------
17 Jun   1000  Slovakia        E0.1bln         1.00% Jun-28 SLOVGB       Re-open
17 Jun   1000  Slovakia        E0.1bln         0.75% Apr-30 SLOVGB       Re-open
17 Jun   1030   Belgium    E2.7-3.2bln            0.50% Oct-24 OLO       Re-open
17 Jun   1030   Belgium             ""            0.90% Jun-29 OLO       Re-open
17 Jun   1030   Belgium             ""            1.90% Jun-38 OLO       Re-open
17 Jun   1030   Belgium             ""             2.15 Jun-66 OLO       Re-open
18 Jun   1030        UK     Stg2.75bln           0.875%Oct-49 Gilt           New
19 Jun   1030   Germany          E1bln           2.50% Bund Aug-46       Re-open
20 Jun   0945     Spain     TBA Jun 17           0.05% Oct-21 Bono       Re-open
20 Jun   0945     Spain     TBA Jun 17           0.25% Jul-24 Obli       Re-open
20 Jun   0945     Spain     TBA Jun 17           1.85% Jul-35 Obli       Re-open
20 Jun   0950    France    E7.5-9.0bln            0.00% Feb-22 OAT       Re-open
20 Jun   0950    France             ""            0.00% Mar-23 OAT       Re-open
20 Jun   0950    France             ""            0.00% Mar-25 OAT       Re-open
20 Jun   1050    France  E0.75-1.25bln          0.25% Jul-24 OATei       Re-open
20 Jun   1050    France             ""          0.70% Jul-30 OATei       Re-open
20 Jun   1050    France             ""          0.10% Jul-47 OATei       Re-open
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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