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Eurozone sovereign bond...........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone sovereign bond issuance this week slows down and
estimated to come in at E5.1bln versus E17.62bln sold last week. This compares
to the weekly YTD average pace of circa E20bln, according to MNI calculations. 
- SUPPLY: On Tuesday, Austria sold E805mln of an off-the-run RAGB 1.75% Oct-2023
along with E345mln 30-year benchmark RAGB 1.5% Feb-2047. Germany concludes
supply on Wednesday with re-opening of the 5-year benchmark Bobl 0% Oct-2022 for
up to E4bln. 
- CASH FLOW: There is a small coupon for E0.04bln, with no redemption payments
scheduled this week -- equating to a net cash flow of E5.06bln. 
**For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: http://tinyurl.com/h7trj4x

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