MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE
EurozoneBulletGlobalFixed Income BulletsRegionMarkets

Latvia has announced a syndicated mandate while Finland, Greece, Germany, Spain and France still look to hold auctions this week and Slovakia held an auction already. We pencil in estimated gross issuance for the week at E25.0bln, down from E34.6bln last week.

  • Yesterday, Latvia announced a mandate for a syndication to be held in the “near future for a potential 7-year EUR denominated bond, maturing January 2032. MNI looks for a E500-800mln deal size with a transaction today.
  • Finland will come to the market today to hold an RFGB auction to sell up to a combined E1.5bln of off-the-run 5/10-year RFGBs: the 0.50% Sep-29 RFGB (ISIN: FI4000369467) and the 1.125% Apr-34 RFGB (ISIN: FI4000306758).
  • Greece on Wednesday will hold a GGB auction. Details will likely be announced today.
  • Germany, also on Wednesday, will hold a 30-year Bund auction. On offer will be E1bln of the 1.80% Aug-53 Bund (ISIN: DE0001102614) alongside E1bln of the 2.50% Aug-54 Bund (ISIN: DE000BU2D004).
  • Spain will look to hold a Bono / Obli auction on Thursday. On offer is a combined E5-6bln of the 5.15% Oct-28 Obli (ISIN: ES00000124C5), alongside the 3.10% Jul-31 Obli (ISIN: ES0000012N43) and the 3.45% Jul-43 Obli (ISIN: ES0000012K95).
  • France will hold an MT OAT auction for E10-12bln also on Thursday. On offer is the on-the-run 2.50% Sep-27 OAT (ISIN: FR001400NBC6), the 0.75% Feb-28 OAT (ISIN: FR001400AIN5), the on-the-run 2.75% Feb-30 OAT (ISIN: FR001400PM68) and the 2.00% Nov-32 OAT (ISIN: FR001400BKZ3).
  • France will return on Thursday to hold an IL OAT auction for E1.5-2.0bln. On offer is the 0.10% Mar-32 OATi (ISIN: FR0014003N51), the 3.15% Jul-32 OATei (ISIN: FR0000188799), the 1.80% Jul-40 OATei (ISIN: FR0010447367) and the 0.10% Jul-53 OATei (ISIN: FR0014008181). 

For more details on issuance this week and next week see the full document here:

290 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Latvia has announced a syndicated mandate while Finland, Greece, Germany, Spain and France still look to hold auctions this week and Slovakia held an auction already. We pencil in estimated gross issuance for the week at E25.0bln, down from E34.6bln last week.

  • Yesterday, Latvia announced a mandate for a syndication to be held in the “near future for a potential 7-year EUR denominated bond, maturing January 2032. MNI looks for a E500-800mln deal size with a transaction today.
  • Finland will come to the market today to hold an RFGB auction to sell up to a combined E1.5bln of off-the-run 5/10-year RFGBs: the 0.50% Sep-29 RFGB (ISIN: FI4000369467) and the 1.125% Apr-34 RFGB (ISIN: FI4000306758).
  • Greece on Wednesday will hold a GGB auction. Details will likely be announced today.
  • Germany, also on Wednesday, will hold a 30-year Bund auction. On offer will be E1bln of the 1.80% Aug-53 Bund (ISIN: DE0001102614) alongside E1bln of the 2.50% Aug-54 Bund (ISIN: DE000BU2D004).
  • Spain will look to hold a Bono / Obli auction on Thursday. On offer is a combined E5-6bln of the 5.15% Oct-28 Obli (ISIN: ES00000124C5), alongside the 3.10% Jul-31 Obli (ISIN: ES0000012N43) and the 3.45% Jul-43 Obli (ISIN: ES0000012K95).
  • France will hold an MT OAT auction for E10-12bln also on Thursday. On offer is the on-the-run 2.50% Sep-27 OAT (ISIN: FR001400NBC6), the 0.75% Feb-28 OAT (ISIN: FR001400AIN5), the on-the-run 2.75% Feb-30 OAT (ISIN: FR001400PM68) and the 2.00% Nov-32 OAT (ISIN: FR001400BKZ3).
  • France will return on Thursday to hold an IL OAT auction for E1.5-2.0bln. On offer is the 0.10% Mar-32 OATi (ISIN: FR0014003N51), the 3.15% Jul-32 OATei (ISIN: FR0000188799), the 1.80% Jul-40 OATei (ISIN: FR0010447367) and the 0.10% Jul-53 OATei (ISIN: FR0014008181). 

For more details on issuance this week and next week see the full document here: