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

EUROZONE ISSUANCE: Eurozone sovereign bond issuance has been completed this week

and totals E15.3bln compared to total issuance of E15.5bln last week.

- RECAP: To recap issuance for this week, on Tuesday Austria tapped 0.00% Sep-22

RAGB and 0.75% Feb-28 RAGB for E600mln and E500mln respectively. While Germany

tapped E550mln of Bundei 0.50% Apr-30, and E200mln Bundei 0.10% Apr-46 linkers.

On Thursday Spain tapped 0.35% Jul-23 Bono for E1.908bln, 1.40% Jul-28 Obli for

E1.587bln, 2.70% Oct-48 Obli for E880mln, and 0.30% Nov-21 SPGBei for E545mln.

France then allotted E3.36bln in tap of 0.75% Nov-28 OAT, E2.513bln in tap of

1.50% May-31 OAT, E1.375bln in tap of 1.25% May-34 OAT and E 1.252bln in tap of

1.75% May-66 OAT.

- CASH FLOWS: Given a paltry E1.15bln in redemptions and coupons, this will

leave cash flow positive by E14.15bln, versus positive E8.8bln last week.

** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone

Net Cash Flow Matrix: https://tinyurl.com/y9jntvsw and MNI Eurozone Issuance

Profile: https://tinyurl.com/ydc3ygcz