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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 E11.963bln allocated by the Netherlands, France, Belgium, ESM and
Greece versus E12.924bln issued last week. 
- RECAP: To recap issuance for this week, on Monday Netherlands allotted
E1.8bln. In the afternoon France tapped 3-month BTF for E2.993bln, issued a new
6-month BTF for E1.597bln and tapped 12-month BTF for E996mln. On Tuesday
Belgium re-opened 3-month T-bill for E1.075bln and 6-month T-bill for E704mln.
The ESM then sold E1.498bln of a new 3-month Bill. On Wednesday Greece issued a
new 13-week T-bill for E1.3bln.
- REINVESTMENT FLOWS: Redemptions this week are due from Greece E1.6bln and the
ESM E1.499bln, turning net cash flow positive to the tune of E8.86bln vs
-E3.74bln last week.
- SCHEDULE: Issuance next week is estimated to increase to E20.5bln with supply
from Germany, France, Spain, Italy, Belgium and Greece.

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