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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 E8,368bln allocated by France, Belgium and Greece. 
- RECAP: To recap issuance for this week, on Monday afternoon France allotted
E3.194bln of a new 3-month BTF, E1.093bln tap of a 6-month BTF and E1.098bln tap
of a 12-month BTF. On Wednesday Belgium allotted E890mln in tap of 4-month TC
and E955mln in 6-month TC. Greece then issued new 26-week T-bill for E1.1375bln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.272bln, Italy E6bln and the Netherlands E4.32bln, turning net cash flow
negative to the tune of E4.75bln vs +E6.73bln last week.
- SCHEDULE: Issuance next week is estimated to increase to E21bln with supply
from France, the Netherlands, Spain, Belgium, ESM, Italy and Greece.

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