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EZ/UK Bond Supply Calendar: 30-Year Gilt Auction on Tuesday

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.

28-Nov-231000UKGBP2.75bln3.75% Oct-53 GiltRe-open
29-Nov-231000ItalyE2.5-3.0bln4.10% Feb-29 BTPRe-open
29-Nov-231000ItalyE3.0-3.5bln4.20% Mar-34 BTPRe-open
29-Nov-231000ItalyE0.75-1.0bln0.50% Apr-26 CCTeuRe-open
29-Nov-231000UKGBP4.25bln3.50% Oct-25 GiltRe-open
29-Nov-231030GermanyE3.5bln2.60% Aug-33 BundRe-open
04-Dec-231445UKGBP670mlnLong APF Sales (20y+)
05-Dec-231000UKTBA 28-Nov0.75% Nov-33 linkerRe-open
05-Dec-231030GermanyE4.5bln3.10% Dec-25 SchatzRe-open
06-Dec-231000UKTBA 29-Nov0.875% Jul-33 Green GiltRe-open
07-Dec-230930SpainTBA 4-DecBono/OlbiTBA 1-Dec
07-Dec-230930SpainTBA 4-DecObliEiTBA 1-Dec
07-Dec-230950FranceTBA 1-DecLT OATsTBA 1-Dec
07-Dec-231100FinlandTBA 6-DecORI FacilityTBA 6-Dec
11-Dec-231445UKGBP670mlnMedium APF Sales (7y-20y)
12-Dec-231000AustriaTBA 7-DecRAGB Reserve dateTBA 7-Dec
12-Dec-231000UKTBA 5-Dec4.50% Jun-28 GiltRe-open
13-Dec-231000ItalyTBA 7-Dec3-year BTPTBA 7-Dec
13-Dec-231000ItalyTBA 7-Dec7-year BTPTBA 7-Dec
13-Dec-231000UKTBALong-dated giltTBA 30-Nov
13-Dec-231030PortugalTBAPotential OT auctionTBA 8-Dec
14-Dec-230930SpainTBA 11-DecBono/OlbiTBA 8-Dec
15-Dec-231100BelgiumTBA 14-DecORI FacilityORI Facility
19-Dec-231000UKTBAMedium-dated giltTBA 30-Nov
04-Jan-240930SpainTBA 1-JanBono/OlbiTBA 29-Dec
04-Jan-240930SpainTBA 1-JanObliEiTBA 29-Dec
04-Jan-241000UKTBAMedium-dated giltTBA 30-Nov
09-Jan-241000UKTBALong-dated giltTBA 30-Nov
10-Jan-241000UKTBAShort-dated giltTBA 30-Nov
11-Jan-241000ItalyTBA 8-Jan3-year BTPTBA 8-Jan
11-Jan-241000ItalyTBA 8-Jan7-year BTPTBA 8-Jan
11-Jan-241000ItalyTBA 8-Jan15-50-year BTPTBA 8-Jan
16-Jan-231000UKTBAI/L giltTBA 30-Nov
17-Jan-231000UKTBAMedium-dated giltTBA 30-Nov
18-Jan-240930SpainTBA 15-JanBono/OlbiTBA 12-Jan
24-Jan-241000UKTBAShort-dated giltTBA 30-Nov
25-Jan-241000ItalyTBA 22-JanBTP Short TermTBA 22-Jan
25-Jan-241000ItalyTBA 22-JanBTPeiTBA 22-Jan
30-Jan-241000ItalyTBA 25-Jan5-year BTPTBA 25-Jan
30-Jan-241000ItalyTBA 25-Jan10-year BTPTBA 25-Jan
30-Jan-241000ItalyTBA 25-JanCCTeuTBA 25-Jan
30-Jan-231000UKTBAI/L giltTBA 30-Nov
06-Feb-241000UKTBALong-dated giltTBA 30-Nov
07-Feb-241000UKTBAShort-dated giltTBA 30-Nov
13-Feb-241000UKTBAI/L giltTBA 30-Nov
14-Feb-241000UKTBAMedium-dated giltTBA 30-Nov
20-Feb-241000UKTBALong-dated giltTBA 30-Nov
21-Feb-241000UKTBAShort-dated giltTBA 30-Nov
27-Feb-241000UKTBAI/L giltTBA 30-Nov
28-Feb-241000UKTBAMedium-dated giltTBA 30-Nov
05-Mar-231000UKTBALong-dated giltTBA 30-Nov
06-Mar-241000UKTBAShort-dated giltTBA 30-Nov
13-Mar-241000UKTBAMedium-dated giltTBA 30-Nov
19-Mar-241000UKTBAShort-dated giltTBA 30-Nov
  • Cancelled auctions:
    • Belgium has cancelled its OLO auction on 20 November.
    • Germany has cancelled its Bund auction on 6 December.
    • Italy has cancelled the following auctions:
      • 24 November: BTP Short Term and BTPei.
      • 13 December: BTP with longer maturity than 10-years (although it will still hold its 3-year BTPand 7-year BTP auction on this day).
      • 27 December: BTP Short Term auction.
      • 28 December: 5/10-year BTP / CCTeu auction.
  • Austria plans to hold 3 to 4 RAGB syndications in 2023. It held its first on 4 January (10-year 2.90% Feb-33 RAGB) and on 18 April held a dual-tranche to launch the 2.90% May-29 Green RAGB and the 30-year 3.15% Oct-53 RAGB. It then held a triple tranche transaction on 19 October to launch the 7-year 3.45% Oct-30 RAGB, tap the 13-year 0.25% Oct-36 RAGB and also tap the 1.85% May-49 Green RAGB.
  • Belgium has held its three planned new OLOs syndications for 2023: it launched the 10-year 3.00% Jun-33 OLO on 10 January, the 30-year 3.30% Jun-54 OLO on 15 February and the 20-year 3.45% Jun-43 OLO on 16 May.
  • The EFSF and the ESM have both completed their planned 2023 issuance.
  • Finland plans to launch three new bonds via syndication in 2023 and has already launched the 3.00% Sep-33 RFGB on 26 April and the 2.75% Apr-38 RFGB on 26 January. It plans to issue a 5-year RFGB in H2.
  • France has now launched all of its planned 2023 new issues: one new 3-year OAT (2.50% Sep-26 OAT launched on 16 February), one new 5/6-year OAT (2.75% Feb-29 OAT launched on 20 April), two new 10-year OATs via auction (the 3.00% May-33 OAT launched on 6 April and the 3.50% Nov-33 OAT on 5 October), new 30-year OAT via syndication (3.00% May-54 OAT launched 7 February), 15-20-year OATi (0.55% Mar-39 OATi launched on 7 June) and one new 10-year OATei (0.60% Jul-34 launched on 20 July).
  • Germany has already held its planned four syndications in 2023. It has already tapped the 1.80% Aug-53 Bund on 23 February, and 29 August. It has launched the 10-year 2.30% Feb-33 Green Bund on 25 April and launched the 30-year 1.80% Aug-53 Green Bund on 13 June.
  • Greece plans to issue its inaugural Green GGB in H2-2023.
  • Ireland has completed its 2023 issuance.
  • Italy Q4 issuance plans:
    • BTP Short-Term: Reopen 3.60% Sep-25 BTP Short Term (minimum E9bln outstanding already exceeded).
    • 3-year BTP: Reopen 3.85% Sep-26 (minimum E9bln outstanding).
    • 5-year BTP: Launch new 4.10% Feb-29 BTP (minimum E10bln outstanding).
    • 7-year BTP: Reopen 4.00% Nov-30 BTP (minimum E10bln outstanding).
    • 10-year BTP: Reopen 4.20% Mar-34 BTP (minimum E10bln outstanding).
  • Slovakia's investor presentation ahead of the June syndication noted it expected to raise E4.0-5.0bln through syndications. This has already been exceeded with a total of E5.5bln raised through the launch of the 12-year 3.75% Feb-35 SlovGB and the 20-year 4.00% Feb-43 SlovGB in a dual-tranche transaction on 15 February and the 10-year 3.625% Jun-33 SlovGB on 1 June.
  • The UK Chancellor will present the Autumn Statement on 22 November. The UK DMO will announce the agenda for its consultation meetings with investors and GEMMs to discuss FQ4 (January to March) issuance operations on 22 November at 3:30GMT with the meetings held on 27 November. The issuance calendar for the period at 7:30GMT on 30 November.

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