Free Trial

EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE

Italy looks to hold another auction this week. The ESM, Spain and Slovenia have already held syndications, the EU, Belgium, and Germany have held auctions and Portugal has held an exchange auction. We pencil in estimated gross issuance for the week at E36.9bln, up from E28.9bln last week.

  • Italy tomorrow will conclude the week’s issuance by holding a 5/10-year BTP and CCTeu auction. On offer will be E0.75-1.00bln of the 3.00% Aug-29 BTP (ISIN: IT0005365165), E2.0-2.5bln of the on-the-run 5-year 3.00% Oct-29 BTP (ISIN: IT0005611055), E3.0-3.5bln of the on-the-run 10-year 3.85% Feb-35 BTP (ISIN: IT0005607970) and E1.25-1.75bln of the Oct-30 CCTeu (ISIN: IT0005491250).

For more details on issuance this week and next week see the full document here: EZ240926.pdf

117 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.

Italy looks to hold another auction this week. The ESM, Spain and Slovenia have already held syndications, the EU, Belgium, and Germany have held auctions and Portugal has held an exchange auction. We pencil in estimated gross issuance for the week at E36.9bln, up from E28.9bln last week.

  • Italy tomorrow will conclude the week’s issuance by holding a 5/10-year BTP and CCTeu auction. On offer will be E0.75-1.00bln of the 3.00% Aug-29 BTP (ISIN: IT0005365165), E2.0-2.5bln of the on-the-run 5-year 3.00% Oct-29 BTP (ISIN: IT0005611055), E3.0-3.5bln of the on-the-run 10-year 3.85% Feb-35 BTP (ISIN: IT0005607970) and E1.25-1.75bln of the Oct-30 CCTeu (ISIN: IT0005491250).

For more details on issuance this week and next week see the full document here: EZ240926.pdf