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Eurozone and UK Government T-bill Auction Calendar

By Tim Cooper
     LONDON, SEPTEMBER 14 (MNI) - Below are the known dates for auctions of
Eurozone and U.K. T-bills until the end of Nov 2018.
        TIME
DATE     GMT      COUNTRY         AMOUNT      TERM  MATURITY DATE     COMMENT
-----------------------------------------------------------------------------
17 Sep  0935  Netherlands    E1.0-2.0bln   3-month   Nov 30, 2019         Tap
17 Sep  0935  Netherlands    E1.0-2.0bln   6-month   Feb 28, 2019         Tap
17 Sep  1255       France    E2.4-2.8bln   3-month   Dec 12, 2018     Re-open
17 Sep  1255       France    E0.7-1.1bln   6-month   Feb 13, 2019     Re-open
17 Sep  1255       France    E0.7-1.1bln  12-month   Sep 11, 2019     Re-open
18 Sep  0840        Spain     TBA 17 Sep   3-month    Dec 7, 2018     Re-open
18 Sep  0840        Spain     TBA 17 Sep   9-month   Jun 14, 2019     Re-open
18 Sep  1030          ESM        E2.0bln   6-month   Mar 21, 2019         New
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     TBA 17 Sep  12-month     TBA 17 Sep  TBA Sep 17
21 Sep  1005           UK      Stg2.0bln   1-month   Oct 22, 2018     Re-open
21 Sep  1005           UK      Stg1.5bln   3-month   Dec 24, 2018     Re-open
21 Sep  1005           UK      Stg1.5bln   6-month   Mar 25, 2019         New
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
28 Sep  1005           UK                  1-month                 TBA Sep 21
28 Sep  1005           UK                  3-month                 TBA Sep 21
28 Sep  1005           UK                  6-month                 TBA Sep 21
01 Oct  1255       France                                          TBA Sep 28
02 Oct  0935      Belgium                  3-month   Jan 10, 2019     Re-open
08 Oct  0930      Germany        E3.0bln   6-month   Apr 10, 2019         New
08 Oct  1255       France                                           TBA Oct 5
09 Oct  0840        Spain                  6-month    Apr 5, 2019     Re-open
09 Oct  0840        Spain                 12-month   Oct 11, 2019         New
09 Oct  0935      Belgium                 12-month   Sep 12, 2019     Re-open
10 Oct  0905        Italy                 12-month                  TBA Oct 5
15 Oct  1255       France                                          TBA Oct 12
16 Oct  0840        Spain                  3-month   Jan 18, 2019     Re-open
16 Oct  0840        Spain                  9-month   Jul 12, 2019     Re-open
22 Oct  1255       France                                          TBA Oct 19
29 Oct  1005        Italy                  6-month                 TBA Oct 24
29 Oct  1355       France                                          TBA Oct 26
30 Oct  1035      Belgium                  3-month    Mar 7, 2019     Re-open
30 Oct  1035      Belgium                  6-month     May9, 2019     Re-open
05 Nov  1355       France                                           TBA Nov 2
06 Nov  1035      Belgium                  3-month    Mar 7, 2019     Re-open
06 Nov  1035      Belgium                 12-month    Nov 7, 2019         New
12 Nov  1005        Italy                 12-month                  TBA Nov 7
12 Nov  1355       France                                           TBA Nov 9
13 Nov  0940        Spain                  6-month   May 10, 2019     Re-open
13 Nov  0940        Spain                 12-month   Nov 15, 2019         New
19 Nov  1355       France                                          TBA Nov 16
20 Nov  0940        Spain                  3-month   Feb 15, 2019     Re-open
20 Nov  0940        Spain                  9-month   Aug 16, 2019     Re-open
26 Nov  1355       France                                          TBA Nov 23
28 Nov  1005        Italy                  6-month                 TBA Nov 23
     * 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; +44 203 865 3807; email: tim.cooper@marketnews.com

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