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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 E6.5bln allocated by Italy compared to E4.495bln issued last week.
- RECAP: To recap issuance for this week, on Wednesday Italy sold E6.5bln
6-month BOT.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E5.585bln
and Italy E6.75bln, turning net cash flow negative to the tune of E5.84bln vs
-E3.64bln last week.
- SCHEDULE: Issuance next week is estimated to be little changed at E6bln with
only France so far scheduled to come to the market, as still waiting on Belgium
finance ministry announcement of its 2018 issuance programme.

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