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Eurozone issuers will......>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone issuers will sell E11.9bln in bills this
week, down from E21.2bln last week.
- ISSUANCE: France sold 3-month, 6-month and 12-month BTFs on Monday for a
combined E5.0bln. Also on Monday, the Netherlands sold E1.3bln in 3-month bills.
- ISSUANCE: The ESM on Tuesday sells 2.5bln 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, selling E0.5bln of 12-month bills.
Spain will conclude issuance for the week with sales of the 3-month and 9-month
Letras on Friday for between E1.5-2.5bln.
- CASH FLOWS: There will be E8.6bln in redemptions next week, which will leave
net cash flow at E3.3bln.
** For full details, please see MNI Eurozone T-Bill auction calendar.

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