Free Trial

Eurozone Sovereign bond...........>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Eurozone Sovereign bond issuance is expected to be little
changed next week with Germany, France and Spain scheduled to come to the market
totalling E15.5bln vs E14.15bln issued this week.
- ISSUANCE: Issuance kicks off on Wednesday with Germany re-opening 0.5% Feb-28
Bund for up to E2bln. On Thursday Spain launch a new 5-yr 0.35% Jul-23 Bono
re-open an old 15-yr 5.90% Jul-26 Obli and 10-yr benchmark 1.40% Apr-28 Obli
with size announced on Monday but expected to be for up to E5bln. Also on
Thursday France tap 3-yr 0.0% Feb-21 OAT and 5-yr 0.0% Mar-23 OAT for a combined
amount of between E6.5-E7.5bln. France then tap 1.10% Jul-22, 1.85% Jul-27 and
0.10% Jul-47 OAT linkers for a combined amount of between E1.25-E1.75bln.
- CASH FLOWS: There is a redemption payment from Italy for E13.6bln and coupon
payments from Germany E540mln, Ireland E417mln and Italy E346mln leaves net cash
flow positive to tune of E0.5bln.
** 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/y7qhuwh2

To read the full story

Close

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.