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

EUROZONE ISSUANCE: Eurozone sovereign bond issuance was E12.5bln over the past

week, next week should be close to E28.25bln 

- ISSUANCE: Belgium is expected to do E3.0-4.5bln of a new 15-20Y Green OLO

early in the week. On Tuesday, Italy sells E2.0-2.5bln of BTP 0.2% Oct-20,

E2.5-3.0bln BTP 1.45% Nov-24 and E1.75-2.25bln 3.45% Mar-48. On Wednesday,

German sells E1.5bln of Bund 2.5% Jul-44. Thursday sees France sell e7.0-8.0bln

of OAT 0% Feb-21, OAT 0% Mar-23 and OAT 6% Oct-25. Also, E1.5-2.0bln of OATi

0.1% Mar-25, OATei 1.85% Jul-27 and OATei 0.1% Jul-47. The same day, Spain is to

sell debt (MNI sees around E5bln). There is limited scope for additional

syndicated deals.

- CASH FLOWS: There are E1.5bln of coupon payments evenly split between Portugal

and Germany but no redemptions and so gross supply will total approx E26.75bln. 

** 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: https://tinyurl.com/h7trj4x