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EUROZONE ISSUANCE: EGB Supply

EUROZONE ISSUANCE

Italy looks to hold an auction today while the EU held a dual-tranche syndication this week and the Netherlands, Austria and Germany have already held auctions. We pencil in estimated gross issuance for the week at E27.3bln, up from E25.7bln last week.

  • Today, Italy will hold a 3/7 and 15-50 year BTP auction. On offer will be E1.5-2.0bln of the on-the-run 3-year 3.45% Jul-27 BTP (ISIN: IT0005599904), E1.0-1.5bln of the off-the-run 2.65% Dec-27 BTP (ISIN: IT0005500068), E3.0-3.5bln of the on-the-run 7-year 3.45% Jul-31 BTP (ISIN: IT0005595803), E1.00-1.25bln of the on-the-run 15-year 4.15% Oct-39 BTP (ISIN: IT0005582421) and E1.00-1.25bln of the off-the-run 3.45% Mar-48 BTP (ISIN: IT0005273013).

For more on this week's issuance and a look ahead to next week see the PDF here: EZ241011.pdf

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Italy looks to hold an auction today while the EU held a dual-tranche syndication this week and the Netherlands, Austria and Germany have already held auctions. We pencil in estimated gross issuance for the week at E27.3bln, up from E25.7bln last week.

  • Today, Italy will hold a 3/7 and 15-50 year BTP auction. On offer will be E1.5-2.0bln of the on-the-run 3-year 3.45% Jul-27 BTP (ISIN: IT0005599904), E1.0-1.5bln of the off-the-run 2.65% Dec-27 BTP (ISIN: IT0005500068), E3.0-3.5bln of the on-the-run 7-year 3.45% Jul-31 BTP (ISIN: IT0005595803), E1.00-1.25bln of the on-the-run 15-year 4.15% Oct-39 BTP (ISIN: IT0005582421) and E1.00-1.25bln of the off-the-run 3.45% Mar-48 BTP (ISIN: IT0005273013).

For more on this week's issuance and a look ahead to next week see the PDF here: EZ241011.pdf