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Free AccessEurozone sovereign bond...........>
EUROZONE ISSUANCE: Eurozone sovereign bond issuance was E24.9bln over the past
week, this week should be close to E17.6bln although we assume two syndicated
deals at the long end of the curve to get this number.
- RECAP: On Monday, issuance began with two small E80mln-area taps from Slovakia
in the SLOVGB 1.625% Jan-31 and 2% Oct-47
- ISSUANCE: On Tuesday, Germany sells E5bln of the new Mar-20 Schatz. Italy is
scheduled to sell CTZ Oct-19 and some BTP linkers on Friday. Spain announced a
new 30Y via syndication on Monday for the near future and a new Belgian 15 or
20Y green bond might also come this week.
- CASH FLOWS: There is a E17bln German redemption on Friday and E0.3bln of
coupon payments. The net cash need is E0.4bln assuming we are correct on the
syndicated deals.
** 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
To read the full story
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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.