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EUROZONE ISSUANCE: Italy,.........>
EUROZONE ISSUANCE: EUROZONE ISSUANCE: Italy, Germany and France will come to
market next week of E16.8bln, versus E17.8bln this week.
- ISSUANCE: Italy will kick off issuance for the week on Tuesday with three
BTPs: the 1.00% Jul-22 BTP for E2.25-2.75bln, the 2.10% Jul-26 BTP for
E2.0-2.5bln and the 3.85% Sep-49 BTP for E1.0-1.5bln. Germany comes to market on
Wednesday with a tap of the 1.25% Bund Aug-48 for E1bln. France will issue
nominal bonds and linkers on Thursday. On offer are the 0.00% Feb-22 OAT and the
0.00% Mar-25 OAT for E8.0-9.0bln and the 2.10% Jul-23 OATi, 0.10% Mar-29 OATEi
and the 0.10% Jul-36 OATEi for E1.0-1.5bln.
- CASH FLOW: There will be limited cash returning to market next week (E1.3bln
in redemptions and E2.3bln in coupons) leaving net cash flow for the week at
positive E13.2bln
** For full details, please see MNI Eurozone bond auction calendar, and MNI Cash
Flow Matrix: https://emedia.marketnews.com/CFM130519.pdf
To read the full story
Sign up now for free trial access to this content.
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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.