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Eurozone T-bill issuance...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Eurozone T-bill issuance has been completed for this
week with E8.405bln allocated by France, Belgium and Italy versus E12.79bln
issued last week. 
- RECAP: To recap issuance for this week, on Monday afternoon France issued new
3-month BTF for E3.393bln, tapped 6-month BTF for E1.395bln and issued new
12-month BTF for E1.297bln. On Tuesday Belgium re-opened 3-month T-bill for
E602mln and 6-month T-bill for E905mln. Finally on Wednesday Greece issued new
26-week T-bill for E812.5mln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.682bln, Italy E6.5bln, the Netherlands E4.24bln and Greece E1bln, turning net
cash flow negative to the tune of E10.02bln vs +E4.1bln last week.
- SCHEDULE: Issuance next week is estimated to increase to E18.5bln with supply
from the Netherlands, France, Belgium, ESM, Italy and Greece.

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