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Eurozone governments should.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone governments should issue only E5.5bln of scheduled
supply this week. This is a second week of low supply and the previous week saw
only around E2bln.
- RECAP: On Monday, Italy sold E2.0bln of CTZ Oct-19; they cancelled the usual
linker that accompanies the CTZ. 
- ISSUANCE: Today, Italy sells E1.25-1.75bln of BTP 2.05% Aug-27 and
E1.25-1.75bln of CCTeu Apr-25. In the background, Greece is undertaking a
potential E32bln debt swap with expiration deadline on Tuesday 28 November at
5pm CET.
- CASH FLOWS: This week there are no redemptions but E3.3bln of coupons, split
fairly evenly between Italy and France. So, gross issuance is around E5.5bln and
net supply is E2.2bln.
**For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/ybnzlygd

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