Eurozone/UK Bond Supply Calendar: EU SURE / ESM synd next week

Below are the known dates for auctions of European bonds and UK gilts. All times are UK.

See the notes section at the bottom for more colour.

• Austria expects to hold two to three more syndicated EUR issues in 2021 (it has already launched the new 10-year via syndication on 27 January).
• Belgium had planned to launch 2-3 new OLO benchmarks in two syndicated deals in 2021. It has already held two syndications, launching a new 10-year benchmark on 12 January and a new 50-year syndication on 2 February. Green OLO issuance is limited to EUR1.5bln in 2021.
• EFSF funding schedule: Q1: E7.0bln (completed), Q2: E7.0bln, Q3: E2.5bln, Q4: Zero, 2022: E18.0bln
• ESM funding schedule: Q1: E2.0bln, Q2: E2.0bln, Q3: E2.0bln, Q4: E2.0bln, 2022: E8.0bln.
• EU funding schedule: Q1: Up to E20bln more SURE (E14bln raised so far), Q2: E20-25bln (EFSM+SURE), unspecified date: E2.35bln MFA.
• France plans to issue the following new bonds in 2021: 5-year benchmark, 10-year benchmark, 30-year benchmark (in H2), 20-year Green OAT, possible 10-year OATi. It has already launched new 3-year and 50-year OATs and a 10-year OATei.
• Germany plans to hold two syndications in 2021: In May to launch the new 30-year 0% Aug-50 Green Bund. In September to launch the new 30-year Aug-52 Bund.
• Italy plans to launch the following in Q1: 3-year Apr-24 BTP (min final E9bln) and potentially a new BTP Short Term (18-30 month). It has already launched the 5-year 0% Apr-26 BTP (min final E10bln), 7-year 0.25% Mar-28 BTP (min final E10bln planned), the 10-year 0.60% Aug-31 BTP, the 15-year 0.95% Mar-37 BTP, the 1.50% Apr-45 BTP Green and the 30-year 0.15% May-51 BTPei.
• Italy also plans to re-open 0% Jan-24 BTP, 0.50% Feb-26 BTP, 0.90% Apr-31 BTP, Sep-22 CTZ, on-the-run nominals with maturity over 10 years and inflation-linked bonds.
• Netherlands indicative 2021 issuance: 0% Jan-27 DSL E2bln, new 8-year DSL E10bln, 0% Jul-31 DSL E12bln, new 15-year DSL E6bln, 0.50% Jan-40 Green DSL E2bln, 0% Jan-52 DSL E3bln, TBA E15bln.
• Slovakia plans to issue 3-4 new bonds in 2021 including: a bond with a maturity of 5, 7 or 8 years, a bond with a maturity of 10-12 years and a bond with a maturity of 19+ years.
• The UK DMO will confirm the April-June issuance calendar at 7.30GMT on Friday 12 March 2021. The next consultation meetings to discuss gilt issuance in July-September 2021 are scheduled for Monday 17 May 2021.