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Eurozone and UK Government Debt Auction Calendar

Below are the known dates for auctions of European bonds and UK gilts. All times are UK.

See the notes section at the bottom for more colour.

DateTimeCountryAmountDetailsNotes
05-Jan-211030GermanyE6bln0% Dec-22 SchatzRe-open
06-Jan-211000UKGBP3bln0.25% Jul-31Re-open
06-Jan-211030GermanyE5blnFeb-31 BundNew
07-Jan-210945SpainTBA0% May-24 BonoNew
07-Jan-210945SpainTBA0% Jan-26 BonoRe-open
07-Jan-210945SpainTBA1.00% Oct-50 ObliRe-open
07-Jan-210945SpainTBA0.70% Nov-33 Obli-EiRe-open
07-Jan-210950FranceE9.5-11.0bln0% Nov-30 OATRe-open
07-Jan-210950France""0.50% May-40 OATRe-open
07-Jan-210950France""0.75% May-52 OATRe-open
W/C 11-Jan----ESM/EFSFTBAPotential transaction
12-Jan-210900NetherlandsE1-2bln0% Jan-52 DSLRe-open
12-Jan-211000UKTBA 5-Jan0.125% Jan-28Re-open
12-Jan-211015AustriaTBARAGBTBA 7-Jan
12-Jan-211030GermanyTBAI/L BundTBA 7-Jan
12-Jan-211130UKTBA 5-Jan1.625% Oct-54Re-open
13-Jan-211000UKTBA 6-Jan0.125% Nov-65 LinkerRe-open
13-Jan-211030GermanyE5blnApr-26 BoblNew
14-Jan-211000ItalyTBAM/T & L/T BTPTBA 11-Jan
18-Jan-211015SlovakiaTBASlovGB
W/C 18-Jan----UKTBANew Jan-46 giltSyndication
19-Jan-211100FinlandE1blnSerial bond auction
20-Jan-211030GermanyE1.5bln0% Aug-50 BundRe-open
21-Jan-210945SpainTBABono/Olbi
21-Jan-210950FranceTBAM/T OATTBA 15-Jan
21-Jan-211000UKTBA 14-Jan0.125% Jan-24Re-open
21-Jan-211050FranceTBAI/L OATTBA 15-Jan
25-Jan-211100BelgiumTBA 22-JanOLOTBA 18-Jan
26-Jan-210900NetherlandsTBAExisting DSLTBA 20-Jan
26-Jan-211000ItalyTBACTZ/BTPei/BTP Short TermTBA 21-Jan
26-Jan-211000UKTBA 19-Jan0.625% Jul-35Re-open
26-Jan-211130UKTBA 19-Jan0.625% Oct-50Re-open
27-Jan-211000UKTBA 20-JanAug-31 LinkerNew
27-Jan-211030GermanyE4blnFeb-31 BundRe-open
28-Jan-211000ItalyTBAM/T & L/T BTPTBA 25-Jan
W/C 01-Feb----ESM/EFSFTBAPotential transaction
02-Feb-211000UKTBA 26-Jan0.125% Jan-26Re-open
02-Feb-211015AustriaTBARAGBTBA 28-Jan
02-Feb-211030GermanyE6blnMar-23 SchatzNew
02-Feb-211130UKTBA 26-Jan1.625% Oct-71Re-open
03-Feb-211000UKTBA 27-Jan0.25% Jul-31Re-open
04-Feb-210950FranceTBAL/T OATTBA 29-Jan
05-Feb-211100BelgiumTBAORI FacilityTBA 04-Feb
W/C 08-Feb----UKTBANew long-dated linkerSyndication
09-Feb-210900NetherlandsTBAAuction/DDA (see notes)TBA 03-Feb
09-Feb-211030GermanyTBAI/L BundTBA 4-Feb
10-Feb-211000UKTBA 3-Feb1.25% Oct-41Re-open
10-Feb-211030GermanyE4blnApr-26 BoblRe-open
11-Feb-211000ItalyTBAM/T & L/T BTPTBA 8-Feb
15-Feb-211015SlovakiaTBASlovGB
16-Feb-211000UKTBA 9-Feb0.125% Jan-24Re-open
16-Feb-211130UKTBA 9-Feb1.75% Jul-57Re-open
17-Feb-211000UKTBA 10-Feb0.625% Jul-35Re-open
17-Feb-211030GermanyE1.5bln1.25% Aug-48 BundRe-open
18-Feb-210950FranceTBAM/T OATTBA 12-Feb
18-Feb-211050FranceTBAI/L OATTBA 12-Feb
22-Feb-211100BelgiumTBA 19-FebOLOTBA 15-Feb
23-Feb-210900NetherlandsTBAAuction/DDA (see notes)TBA 17-Feb
23-Feb-211000ItalyTBACTZ/BTPei/BTP Short TermTBA 18-Feb
23-Feb-211000UKTBA 16-Feb0.625% Oct-50Re-open
24-Feb-211030GermanyE4blnFeb-31 BundRe-open
25-Feb-211000ItalyTBAM/T & L/T BTPTBA 22-Feb
02-Mar-211000UKTBA 23-FebOct-26 giltNew
02-Mar-211015AustriaTBARAGBTBA 25-Feb
02-Mar-211030GermanyTBAI/L BundTBA 25-Feb
02-Mar-211130UKTBA 23-Feb0.50% Oct-61Re-open
03-Mar-211030GermanyE3blnMay-36 BundNew
04-Mar-210950FranceTBAL/T OATTBA 26-Feb
04-Mar-211000UKTBA 25-Feb0.25% Jul-31Re-open
W/C 08-Mar----ESM/EFSFTBAPotential transaction
09-Mar-210900NetherlandsTBAAuction/DDA (see notes)TBA 03-Mar
09-Mar-211000UKTBA 2-Mar1.25% Oct-41Re-open
10-Mar-211000UKTBA 3-MarAug-31 LinkerRe-open
10-Mar-211030GermanyE4blnApr-26 BoblRe-open
11-Mar-211000ItalyTBAM/T & L/T BTPTBA 8-Mar
15-Mar-211015SlovakiaTBASlovGB
16-Mar-211000UKTBA 9-Mar0.125% Jan-24Re-open
16-Mar-211030GermanyE5blnMar-23 SchatzRe-open
16-Mar-211100FinlandE1blnSerial bond auction
16-Mar-211130UKTBA 9-Mar1.625% Oct-54Re-open
17-Mar-211000UKTBA 10-Mar0.625% Jul-35Re-open
17-Mar-211030GermanyE1.5bln0% Aug-50 BundRe-open
18-Mar-210950FranceTBAM/T OATTBA 12-Mar
18-Mar-211050FranceTBAI/L OATTBA 12-Mar
22-Mar-211100BelgiumTBA 19-MarOLOTBA 15-Mar
W/C 22-Mar----ESM/EFSFTBAPotential transaction
23-Mar-210900NetherlandsTBAAuction/DDA (see notes)TBA 17-Mar
23-Mar-211000UKTBA 16-Mar1.75% Jan-49Re-open
24-Mar-211000UKTBA 17-Mar0.125% Nov-56 LinkerRe-open
24-Mar-211030GermanyE4blnFeb-31 BundRe-open
25-Mar-211000ItalyTBACTZ/BTPei/BTP Short TermTBA 22-Mar
30-Mar-211000ItalyTBAM/T & L/T BTPTBA 27-Mar
31-Mar-211030GermanyE2.5blnMay-36 BundRe-open
06-Apr-211015AustriaTBARAGBTBA 1-Apr
07-Apr-211030GermanyE4blnApr-26 BoblRe-open
08-Apr-210950FranceTBAL/T OATTBA 26-Mar
13-Apr-210900NetherlandsTBAProvisional dateTBA 07-Apr
13-Apr-211000ItalyTBAM/T & L/T BTPTBA 8-Apr
13-Apr-211030GermanyTBAI/L BundTBA 8-Apr
14-Apr-211030GermanyE1bln1.25% Aug-48 BundRe-open
19-Apr-211015SlovakiaTBASlovGB
20-Apr-211030GermanyE5blnMar-23 SchatzRe-open
21-Apr-211030GermanyE4blnFeb-31 BundRe-open
22-Apr-210950FranceTBAM/T OATTBA 16-Apr
22-Apr-211050FranceTBAI/L OATTBA 16-Apr
27-Apr-210900NetherlandsTBAProvisional dateTBA 21-Apr
27-Apr-211000ItalyTBACTZ/BTPei/BTP Short TermTBA 22-Apr
27-Apr-211030GermanyE4blnNov-28 BundNew
28-Apr-211030GermanyE2.5blnMay-36 BundRe-open
29-Apr-211000ItalyTBAM/T & L/T BTPTBA 26-Apr
04-May-211015AustriaTBARAGBTBA 29-Apr
04-May-211030GermanyTBAI/L BundTBA 29-Apr
05-May-211030GermanyE4blnApr-26 BoblRe-open
06-May-210950FranceTBAL/T OATTBA 30-Apr
07-May-211100BelgiumTBAORI FacilityTBA 06-May
11-May-210900NetherlandsTBAProvisional dateTBA 05-May
13-May-211000ItalyTBAM/T & L/T BTPTBA 10-May
17-May-211015SlovakiaTBASlovGB
18-May-211030GermanyE6blnJun-23 SchatzNew
19-May-211030GermanyE4blnFeb-31 BundRe-open
20-May-210950FranceTBAM/T OATTBA 14-May
20-May-211050FranceTBAI/L OATTBA 14-May
25-May-210900NetherlandsTBAProvisional dateTBA 19-May
26-May-211000ItalyTBABTP Short Term/BTPeiTBA 21-May
26-May-211030GermanyE2.5blnMay-36 BundRe-open
28-May-211000ItalyTBAM/T & L/T BTPTBA 25-May
31-May-211100BelgiumTBA 28-MayOLOTBA 24-May
01-Jun-211030GermanyTBAI/L BundTBA 27-May
02-Jun-211030GermanyE3blnApr-26 BoblRe-open
03-Jun-210950FranceTBAL/T OATTBA 29-May
08-Jun-210900NetherlandsTBAProvisional dateTBA 02-Jun
08-Jun-211015AustriaTBARAGBTBA 2-Jun
08-Jun-211030GermanyE3blnNov-28 BundRe-open
09-Jun-211030GermanyE1.5bln0% Aug-50 BundRe-open
10-Jun-211000ItalyTBAM/T & L/T BTPTBA 7-Jun
15-Jun-211030GermanyE5blnJun-23 SchatzRe-open
16-Jun-211030GermanyE5blnAug-31 BundNew
17-Jun-210950FranceTBAM/T OATTBA 11-Jun
17-Jun-211050FranceTBAI/L OATTBA 11-Jun
21-Jun-211015SlovakiaTBASlovGB
22-Jun-210900NetherlandsTBAProvisional dateTBA 16-Jun
23-Jun-211030GermanyE2.5blnMay-36 BundRe-open
25-Jun-211000ItalyTBABTP Short Term/BTPeiTBA 22-Jun
28-Jun-211100BelgiumTBA 25-JunOLOTBA 21-Jun
30-Jun-211000ItalyTBAM/T & L/T BTPTBA 25-Jun
01-Jul-210950FranceTBAL/T OATTBA 25-Jun
06-Jul-211015AustriaTBARAGBTBA 1-Jul
06-Jul-211030GermanyTBAI/L BundTBA 1-Jul
07-Jul-211030GermanyE5blnOct-26 BoblNew
13-Jul-210900NetherlandsTBAProvisional dateTBA 07-Jul
13-Jul-211000ItalyTBAM/T & L/T BTPTBA 8-Jul
13-Jul-211030GermanyE5blnJun-23 SchatzRe-open
14-Jul-211030GermanyE4blnAug-31 BundRe-open
15-Jul-210950FranceTBAM/T OATTBA 09-Jul
15-Jul-211050FranceTBAI/L OATTBA 09-Jul
19-Jul-211015SlovakiaTBAReserve date
20-Jul-211030GermanyE3blnNov-28 BundRe-open
21-Jul-211030GermanyE1bln1.25% Aug-48 BundRe-open
26-Jul-211100BelgiumTBA 23-JulOLOTBA 19-Jul
27-Jul-210900NetherlandsTBAProvisional dateTBA 21-Jul
27-Jul-211000ItalyTBABTP Short Term/BTPeiTBA 22-Jul
28-Jul-211030GermanyE2.5blnMay-36 BundRe-open
29-Jul-211000ItalyTBAM/T & L/T BTPTBA 26-Jul
03-Aug-211015AustriaTBAReserve dateTBA 29-Jul
04-Aug-211030GermanyE4blnOct-26 BoblRe-open
05-Aug-210950FranceTBAL/T OATTBA 30-Jul
06-Aug-211100BelgiumTBAORI FacilityTBA 05-Aug
10-Aug-210900NetherlandsTBAProvisional dateTBA 04-Aug
11-Aug-211030GermanyE4blnAug-31 BundRe-open
12-Aug-211000ItalyTBAM/T & L/T BTPTBA 9-Aug
16-Aug-211015SlovakiaTBAReserve date
17-Aug-211030GermanyE6blnSep-23 SchatzNew
18-Aug-211030GermanyE1bln0% Aug-50 BundRe-open
19-Aug-210950FranceTBAM/T OATTBA 13-Aug
19-Aug-211050FranceTBAI/L OATTBA 13-Aug
24-Aug-210900NetherlandsTBAProvisional dateTBA 18-Aug
24-Aug-211030GermanyE3blnNov-28 BundRe-open
26-Aug-211000ItalyTBABTP Short Term/BTPeiTBA 23-Aug
31-Aug-211000ItalyTBAM/T & L/T BTPTBA 26-Aug
01-Sep-211030GermanyE4blnOct-26 BoblRe-open
02-Sep-210950FranceTBAL/T OATTBA 27-Aug
07-Sep-211015AustriaTBARAGBTBA 2-Sep
07-Sep-211030GermanyTBAI/L BundTBA 2-Sep
08-Sep-211030GermanyE3blnAug-31 Green BundNew
14-Sep-210900NetherlandsTBAProvisional dateTBA 08-Sep
14-Sep-211000ItalyTBAM/T & L/T BTPTBA 9-Sep
14-Sep-211030GermanyE5blnSep-23 SchatzRe-open
16-Sep-210950FranceTBAM/T OATTBA 10-Sep
16-Sep-211050FranceTBAI/L OATTBA 10-Sep
20-Sep-211015SlovakiaTBASlovGB
21-Sep-211030GermanyE3blnNov-28 BundRe-open
22-Sep-211030GermanyE2.5blnMay-36 BundRe-open
24-Sep-211000ItalyTBABTP Short Term/BTPeiTBA 21-Sep
27-Sep-211100BelgiumTBA 24-SepOLOTBA 20-Sep
28-Sep-210900NetherlandsTBAProvisional dateTBA 22-Sep
29-Sep-211000ItalyTBAM/T & L/T BTPTBA 24-Sep
29-Sep-211030GermanyE4blnAug-31 BundRe-open
05-Oct-211015AustriaTBARAGBTBA 30-Sep
05-Oct-211030GermanyTBAI/L BundTBA 30-Sep
06-Oct-211030GermanyE4blnOct-26 BoblRe-open
07-Oct-210950FranceTBAL/T OATTBA 01-Oct
08-Oct-211100BelgiumTBAORI FacilityTBA 07-Oct
12-Oct-210900NetherlandsTBAProvisional dateTBA 06-Oct
12-Oct-211030GermanyE5blnSep-23 SchatzRe-open
13-Oct-211000ItalyTBAM/T & L/T BTPTBA 8-Oct
13-Oct-211030GermanyE1blnAug-52 BundRe-open
18-Oct-211015SlovakiaTBASlovGB
20-Oct-211030GermanyE3blnAug-31 Green BundRe-open
21-Oct-210950FranceTBAM/T OATTBA 15-Oct
21-Oct-211050FranceTBAI/L OATTBA 15-Oct
26-Oct-210900NetherlandsTBAProvisional dateTBA 20-Oct
26-Oct-211000ItalyTBABTP Short Term/BTPeiTBA 21-Oct
26-Oct-211030GermanyE3blnNov-28 BundRe-open
27-Oct-211030GermanyE2.5blnMay-36 BundRe-open
28-Oct-211000ItalyTBAM/T & L/T BTPTBA 25-Oct
02-Nov-211015AustriaTBARAGBTBA 28-Oct
02-Nov-211030GermanyTBAI/L BundTBA 28-Oct
03-Nov-211030GermanyE4blnOct-26 BoblRe-open
04-Nov-210950FranceTBAL/T OATTBA 30-Oct
09-Nov-210900NetherlandsTBAProvisional dateTBA 03-Nov
09-Nov-211030GermanyE6blnDec-23 SchatzNew
10-Nov-211030GermanyE3blnAug-31 BundRe-open
11-Nov-211000ItalyTBAM/T & L/T BTPTBA 8-Nov
15-Nov-211015SlovakiaTBASlovGB
17-Nov-211030GermanyE1blnAug-52 BundRe-open
18-Nov-210950FranceTBAM/T OATTBA 12-Nov
18-Nov-211050FranceTBAI/L OATTBA 12-Nov
22-Nov-211100BelgiumTBA 19-NovOLOTBA 15-Nov
23-Nov-210900NetherlandsTBAProvisional dateTBA 17-Nov
24-Nov-211030GermanyE2.5blnMay-36 BundRe-open
25-Nov-211000ItalyTBABTP Short Term/BTPeiTBA 22-Nov
30-Nov-211000ItalyTBAM/T & L/T BTPTBA 25-Nov
30-Nov-211030GermanyE3blnNov-28 BundRe-open
01-Dec-211030GermanyE3blnOct-26 BoblRe-open
02-Dec-210950FranceTBANominal and/or linkerOptional
07-Dec-211030GermanyE5blnDec-23 SchatzRe-open
08-Dec-211030GermanyE3blnAug-31 BundRe-open
13-Dec-211015SlovakiaTBAReserve date
14-Dec-210900NetherlandsTBAProvisional dateTBA 08-Dec
14-Dec-211000ItalyTBAM/T & L/T BTPTBA 9-Dec
14-Dec-211015AustriaTBARAGBTBA 9-Dec
17-Dec-211100BelgiumTBAORI FacilityTBA 16-Dec
29-Dec-211000ItalyTBABTP Short TermTBA 23-Dec
30-Dec-211000ItalyTBAM/T & L/T BTPTBA 27-Dec
13-Jan-221000ItalyTBAM/T & L/T BTPTBA 10-Jan
26-Jan-221000ItalyTBABTP Short Term/BTPeiTBA 21-Jan
28-Jan-221000ItalyTBAM/T & L/T BTPTBA 25-Jan
  • Austria expects to hold three to four syndicated EUR issues in 2021.
  • Belgium expects to launch up to three new OLO benchmarks in two syndicated deals in 2021 including a new 10-year benchmark in the first syndication and a new very long-term benchmark in the second. Auction dates can be replaced by syndications. Green OLO issuance is limited to EUR1.5bln in 2021.
  • EFSF funding schedule: Q1: E7.0bln, Q2: E7.0bln, Q3: E2.5bln, Q4: Zero, 2022: E18.0bln.
  • ESM funding schedule: Q1: E2.0bln, Q2: E2.0bln, Q3: E2.0bln, Q4: E2.0bln, 2022: E8.0bln.
  • EU funding schedule: Q1: E30-35bln (SURE), Q2: E25-30bln (EFSM+SURE), unspecified date: E2.35bln MFA.
  • France plans to issue the following new bonds in 2021: 3-year benchmark, 5-year benchmark, 10-year benchmark, 30-year benchmark (in H2), 50-year benchmark, 20-year Green OAT, 10-year OATEi, possible 10-year OATi.
  • Germany plans to issue a new 10-year I/L Bund in early 2021.
  • Germany plans to hold two syndications in 2021: In May to launch the new 30-year 0% Aug-50 Green Bund. In September to launch the new 30-year Aug-52 Bund.
  • Italy plans to launch the following in Q1: 3-year Apr-24 BTP (min final E9bln), 5-year Jan-26 BTP (min final E10bln), 7-year Mar-28 BTP (min final E10bln), also potentially new BTP Short Term (18-30 month).
  • Italy also plans to re-open 0% Jan-24 BTP, 0.50% Feb-26 BTP, 0.90% Apr-31 BTP, Sep-22 CTZ, on-the-run nominals with maturity over 10 years and inflation-linked bonds.
  • Netherlands February/March auctions: New Jul-31 DSL via DDA (E4-6bln), 0.50% Jan-40 Green DSL (E1.5-2.5bln), 0% Jan-27 DSL (E1.5-2.5bln), tap of an additional existing DSL.
  • Netherlands indicative 2021 issuance: 0% Jan-27 DSL E2bln, new 8-year DSL E10bln, new Jul-31 DSL E12bln, new 15-year DSL E6bln, 0.50% Jan-40 Green DSL E2bln, 0% Jan-52 DSL E3bln, TBA E15bln.
  • Slovakia plans to issue 3-4 new bonds in 2021 including: a bond with a maturity of 5, 7 or 8 years, a bond with a maturity of 10-12 years and a bond with a maturity of 19+ years.

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