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EUROZONE ISSUANCE: EGB Supply - W/C 4 Nov

EUROZONE ISSUANCE

Spain, France, and Belgium all still look to hold auctions this week, whilst the EU, Austria and Germany already held auctions this week. We pencil in estimated gross issuance for the week at E26.1bln, up from E16.0bln last week.

  • This morning, Spain will hold a Bono/Obli/ObliEi auction. On offer will be a combined E3.5-4.5bln of the new 2.70% Jan-30 Obli (ISIN: ES0000012O00) and the 4.00% Oct-54 Obli (ISIN: ES0000012M93), as well as E250-750mln of the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12).
  • Also this morning, France will hold its final LT OAT auction of the year, selling a combined E10.5-12.5bln: the on-the-run 3.00% Nov-34 OAT (ISIN: FR001400QMF9), the 4.75% Apr-35 OAT (ISIN: FR0010070060), the 3.25% May-55 OAT (ISIN: FR001400OHF4) and the 0.50% Jun-44 Green OAT (ISIN: FR0014002JM6).
  • Tomorrow, Belgium will hold an ORI auction, likely for up to E500mln. The OLOs on offer will be later today.

For more on this week's issuance and a look ahead to next week see the PDF here: EZ241107.pdf

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Spain, France, and Belgium all still look to hold auctions this week, whilst the EU, Austria and Germany already held auctions this week. We pencil in estimated gross issuance for the week at E26.1bln, up from E16.0bln last week.

  • This morning, Spain will hold a Bono/Obli/ObliEi auction. On offer will be a combined E3.5-4.5bln of the new 2.70% Jan-30 Obli (ISIN: ES0000012O00) and the 4.00% Oct-54 Obli (ISIN: ES0000012M93), as well as E250-750mln of the 0.70% Nov-33 Obli-Ei (ISIN: ES0000012C12).
  • Also this morning, France will hold its final LT OAT auction of the year, selling a combined E10.5-12.5bln: the on-the-run 3.00% Nov-34 OAT (ISIN: FR001400QMF9), the 4.75% Apr-35 OAT (ISIN: FR0010070060), the 3.25% May-55 OAT (ISIN: FR001400OHF4) and the 0.50% Jun-44 Green OAT (ISIN: FR0014002JM6).
  • Tomorrow, Belgium will hold an ORI auction, likely for up to E500mln. The OLOs on offer will be later today.

For more on this week's issuance and a look ahead to next week see the PDF here: EZ241107.pdf