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EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE

Italy, Greece, Germany, Spain and France still look to hold auctions this week while Slovakia and Finland held auctions already and Latvia launched a syndication. We pencil in estimated gross issuance for the week at E27.8bln, down from E34.6bln last week.

  • Italy today will conduct a Specialist tap via the electronic trading system. On offer will be up to E3bln combined of the 2.50% Dec-32 BTP (ISIN: IT0005494239), the 0.95% Mar-37 BTP (ISIN: IT0005433195), and the 4.00% Apr-35 BTP Green (ISIN: IT0005508590).
  • Greece also today will sell E250mln of the 3.375% Jun-34 GGB (ISIN: GR0124040743).
  • Germany, finally today, 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).

For more details on issuance this week and next week see the full document here: EZ240918.pdf

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Italy, Greece, Germany, Spain and France still look to hold auctions this week while Slovakia and Finland held auctions already and Latvia launched a syndication. We pencil in estimated gross issuance for the week at E27.8bln, down from E34.6bln last week.

  • Italy today will conduct a Specialist tap via the electronic trading system. On offer will be up to E3bln combined of the 2.50% Dec-32 BTP (ISIN: IT0005494239), the 0.95% Mar-37 BTP (ISIN: IT0005433195), and the 4.00% Apr-35 BTP Green (ISIN: IT0005508590).
  • Greece also today will sell E250mln of the 3.375% Jun-34 GGB (ISIN: GR0124040743).
  • Germany, finally today, 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).

For more details on issuance this week and next week see the full document here: EZ240918.pdf