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Eurozone and UK Government Debt Auction Calendar

By Tim Cooper
     LONDON, JUNE 18 (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
--------------------------------------------------------------------------------
19 Jun   1030  Germany          E1bln            2.50% Bund Aug-46       Re-open
20 Jun   0945    Spain    E3.0-4.0bln            0.05% Oct-21 Bono       Re-open
20 Jun   0945    Spain             ""            0.25% Jul-24 Obli       Re-open
20 Jun   0945    Spain             ""            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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