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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 E7.486bln allocated by France, Belgium and Greece versus E11.49bln
issued last week. 
- RECAP: To recap issuance for this week, on Monday afternoon France allotted
E2.994bln in re-opening of 3-month BTF, E1.496bln of a new 6-month BTF and
E998mln of a 12-month BTF. On Tuesday Belgium allotted E460mln in re-opening of
3-month TC and E400mln in a 6-month TC. On Wednesday Greece issued new 26-week
T-bill for E1.1375bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E6.96bln,
Italy E6.6bln, Netherlands E4.45bln and Greece E1.4bln, turning net cash flow
negative to the tune of E11.9bln vs +E4.5mln last week.
- SCHEDULE: Issuance next week is estimated to increase to E17bln with supply
from the Netherlands, France, Belgium, ESM, Greece and Italy.

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