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Eurozone and UK Government T-bill Auction Calendar

By Michael Chrysostomou
     LONDON, JULY 25TH (MNI) - Below are the known dates for auctions of
Eurozone and U.K. T-bills until the end of Sep 2018.
         TIME
DATE      GMT      COUNTRY         AMOUNT      TERM  MATURITY DATE     COMMENT
------------------------------------------------------------------------------
27 Jul   0905        Italy        E6.0bln   6-month   Jan 31, 2019         New
27 Jul   1005           UK      Stg1.0bln   1-month   Aug 28, 2018     Re-open
27 Jul   1005           UK      Stg2.0bln   3-month   Oct 29, 2018     Re-open
27 Jul   1005           UK      Stg2.0bln   6-month   Jan 28, 2019         New
30 Jul   1255       France                                          TBA Jul 27
31 Jul   0935      Belgium                  3-month    Nov 8, 2018     Re-open
01 Aug   0910       Greece        E625mln   26-week                 TBA Jul 27
06 Aug   0935  Netherlands                  6-month   Jan 31, 2019     Re-open
06 Aug   1255       France                                           TBA Aug 3
07 Aug   0935      Belgium                  4-month   Dec 13, 2018     Re-open
07 Aug   0935      Belgium                 11-month   Jul 11, 2019     Re-open
07 Aug   1030          ESM                  3-month                  TBA Aug 3
08 Aug   0910       Greece        E875mln   13-week                  TBA Aug 3
10 Aug   0905        Italy                 12-month                  TBA Aug 7
13 Aug   0930      Germany        E3.0bln   6-month   Feb 13, 2019         New
13 Aug   1255       France                                          TBA Aug 10
14 Aug   0840        Spain                  6-month    Feb 15, 209     Re-open
14 Aug   0840        Spain                 12-month   Aug 16, 2019         New
15 Aug   0935     Portugal  E0.75-E1.0bln   3-month   Nov 16, 2018     Re-open
15 Aug   0935     Portugal              "  11-month   Jul 19, 2019     Re-open
20 Aug   0935  Netherlands                  3-month   Oct 31, 2018         Tap
20 Aug   1255       France                                          TBA Aug 17
21 Aug   0840        Spain                  3-month   Nov 16, 2018     Re-open
21 Aug   0840        Spain                  9-month   May 10, 2019     Re-open
21 Aug   1030          ESM                  6-month                 TBA Aug 17
27 Aug   1255       France                                          TBA Aug 24
29 Aug   0905        Italy                  6-month                 TBA Aug 24
29 Aug   0910       Greece        E875mln                           TBA Aug 24
03 Sep   0935  Netherlands                  6-month   Feb 28, 2019         New
03 Sep   1255       France                                          TBA Aug 31
04 Sep   0935      Belgium                  4-month   Jan 10, 2019     Re-open
04 Sep   0935      Belgium                  6-month    Mar 7, 2019     Re-open
04 Sep   1030          ESM                  3-month                 TBA Aug 31
05 Sep   0910       Greece        E625mln                           TBA Aug 31
10 Sep   0930      Germany        E2.0bln   6-month   Feb 13, 2019     Re-open
10 Sep   1255       France                                           TBA Sep 7
11 Sep   0840        Spain                  6-month    Mar 8, 2019     Re-open
11 Sep   0840        Spain                 12-month   Sep 13, 2019         New
11 Sep   0935      Belgium                  4-month   Jan 10, 2019     Re-open
11 Sep   0935      Belgium                 12-month   Sep 12, 2019         New
12 Sep   0905        Italy                 12-month                  TBA Sep 7
17 Sep   0935  Netherlands                  3-month   Nov 30, 2019         Tap
17 Sep   0935  Netherlands                  6-month   Feb 28, 2019         Tap
17 Sep   1255       France                                          TBA Sep 14
18 Sep   0840        Spain                  3-month    Dec 7, 2018     Re-open
18 Sep   0840        Spain                  9-month   Jun 14, 2019     Re-open
18 Sep   1030          ESM                  6-month                 TBA Sep 14
19 Sep   0935     Portugal  E1.5-E1.75bln   6-month   Mar 22, 2019     Re-open
19 Sep   0935     Portugal              "  12-month   Sep 20, 2019         New
20 Sep   0930      Ireland                 12-month                 TBA Sep 17
24 Sep   0930      Germany        E2.0bln   6-month   Dec 15, 2018     Re-open
24 Sep   1255       France                                          TBA Sep 21
26 Sep   0905        Italy                  6-month                 TBA Sep 21
     * In its update 2019 financing update France's Agency France Tresor (AFT)
said the number of BTF's outstanding will remain stable 
     * Italy finance ministry said that 3-month Bills will only be issued for
specific cash needs and would be held on the 12-month BOT auction dates.
Furthermore "flexible" Bills may also be issued.
     * Netherland's Dutch State Treasury Agency (DSTA) estimate on the money
market will average between E24.4bln and E29.4bln to be funded mainly through
Treasury Certificates (DTCs) and Commercial Paper (CP).
     * Belgium plan to decrease net short term debt by E1bln in 2018, with the
volume of T-bills outstanding expected to remain at E25.3bln.
     * Portugal says in 2018 issuance of BT should have no impact in net
financing. The strategy of issuing along the full curve will be maintained
combining a short-term Bill with a longer tenor.
--MNI London Bureau; tel: +44 203-586-2228; email: michael.chrysostomou@marketnews.com

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