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Eurozone issuers will......>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone issuers will sell E11.5bln in bills next week
up from E21.24bln last week.
- ISSUANCE: France will isssue 3-month, 6-month and 12-month BTFs on Monday for
E3.9-5.1bln. Also on Monday, the Netherlands will sell E1.0-2.0bln in 3-month
bills. The ESM follows on Tuesday with a 2.5bln sale of 6-month bills. Portugal
will come to the market on Wednesday with issues of 6-month and 12-month bills
for E1bln. Ireland will tap the market on Thursday, with details to be announced
on Monday. Spain will conclude issuance for the week with sales of the 3-month
and 9-month letras on Friday, with the target amount also announced on Monday.
- CASH FLOWS: There will be E8.6bln in redemptions next week, which will leave
net cash flow at E2.89bln.
** For full details, please see MNI Eurozone T-Bill auction calendar.

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