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Eurozone T-Bill Issuance Estimated At E21.6bn (From E23.3bn Initially) For W/C Sep 14

EUROZONE T-BILL ISSUANCE
  • RECAP: Germany kicked off issuance for the week with a sale of 6- and 12-month bubills for a combined E7.49bn on Monday. The Netherlands followed with a EUR2.57bn sale of 5.5-month and 9.5 -month DSLs. France concluded Monday's issuance with a sale of 3-/6-/12-month BTFs for E5.28bn.
  • ISSUANCE: Spain will sell 3- and 9-month letras on Tuesday for E1-2bn. On the same day the ESM offers E1.5bn of 12-month bills. Portugal comes to market on Wednesday to sell 6- and 12-month BTs for E1.50-1.75bn. Ireland concludes issuance for the week with an auction of Feb 22, 2021 bills for E0.75bn on Thursday.
  • CASH FLOWS: E20.3n in redemptions will leave net cash flows at E1.3bn for the week.
** For further details please MNI Eurozone T-Bill Calendar.

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