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EUROZONE ISSUANCE: EGB Supply - W/C 14 October (1/2)

EUROZONE ISSUANCE

Finland, Greece, Germany, Spain and France look to hold auctions in the upcoming week. We also think that there is a chance of a Slovakian syndication in the week. We pencil in estimated gross issuance for the week at E24.9bln, down from E27.3bln this week.

  • Finland will look to kick off auctions for the week on Tuesday, selling up to a combined E1.5bln of the on-the-run 6/10-year RFGBs: the 2.50% Apr-30 RFGB (ISIN: FI4000577952) and the 3.00% Sep-34 RFGB (ISIN: FI4000571104).
  • On Wednesday, Greece will look to hold a GGB auction. Details will be announced the preceding day.
  • Also on Wednesday, Germany will look to hold a 30-year Bund auction. On offer will be E1bln of the 0% Aug-50 Bund (ISIN: DE0001102481) alongside E1bln of the 2.50% Aug-54 Bund (ISIN: DE000BU2D004).
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Finland, Greece, Germany, Spain and France look to hold auctions in the upcoming week. We also think that there is a chance of a Slovakian syndication in the week. We pencil in estimated gross issuance for the week at E24.9bln, down from E27.3bln this week.

  • Finland will look to kick off auctions for the week on Tuesday, selling up to a combined E1.5bln of the on-the-run 6/10-year RFGBs: the 2.50% Apr-30 RFGB (ISIN: FI4000577952) and the 3.00% Sep-34 RFGB (ISIN: FI4000571104).
  • On Wednesday, Greece will look to hold a GGB auction. Details will be announced the preceding day.
  • Also on Wednesday, Germany will look to hold a 30-year Bund auction. On offer will be E1bln of the 0% Aug-50 Bund (ISIN: DE0001102481) alongside E1bln of the 2.50% Aug-54 Bund (ISIN: DE000BU2D004).