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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.

Date Time Country Amount Details Notes
26-Jul-21 1100 Belgium E2.6-3.1bln 1.00% Jun-31 OLO Re-open
26-Jul-21 1100 Belgium "" 3.00% Jun-34 OLO Re-open
26-Jul-21 1100 Belgium "" 0.40% Jun-40 OLO Re-open
27-Jul-21 1000 Italy E3.25-3.75bln 0% Jan-24 BTP Short Term New
27-Jul-21 1000 UK GBP3bln 0.375% Oct-26 Gilt Re-open
28-Jul-21 1030 Germany E2.5bln 0% May-36 Bund Re-open
29-Jul-21 1000 Italy TBA M/T & L/T BTP TBA 26-Jul
03-Aug-21 1000 Austria TBA Reserve date TBA 29-Jul
03-Aug-21 1000 UK TBA 27-Jul 1.25% Jul-51 Gilt Re-open
04-Aug-21 1030 Germany E4bln 0% Oct-26 Bobl Re-open
05-Aug-21 0930 Spain TBA Bono/Olbi TBA 30-Jul
05-Aug-21 0950 France TBA L/T OAT TBA 30-Jul
06-Aug-21 1100 Belgium TBA ORI Facility TBA 05-Aug
10-Aug-21 1000 UK TBA 3-Aug 0.25% Jul-31 Gilt Re-open
11-Aug-21 1000 UK TBA 4-Aug 0.125% Mar-39 linker Re-open
11-Aug-21 1030 Germany E4bln 0% Aug-31 Bund Re-open
11-Aug-21 1030 Portugal TBA Potential OT auction TBA 6-Aug
17-Aug-21 1000 UK TBA 10-Aug 0.875% Jan-46 Gilt Re-open
17-Aug-21 1030 Germany E6bln Sep-23 Schatz New
18-Aug-21 1030 Germany E1bln 0% Aug-50 Bund Re-open
19-Aug-21 0930 Spain TBA Bono/Olbi/ObliEi TBA 13-Aug
19-Aug-21 0950 France TBA M/T OAT TBA 13-Aug
19-Aug-21 1050 France TBA I/L OAT TBA 13-Aug
24-Aug-21 1000 UK TBA 17-Aug 0.375% Oct-26 Gilt Re-open
24-Aug-21 1030 Germany E3bln 0% Nov-28 Bund Re-open
25-Aug-21 1030 Portugal TBA Potential OT auction TBA 20-Aug
26-Aug-21 1000 Italy TBA BTP Short Term/BTPei TBA 23-Aug
31-Aug-21 0900 Netherlands TBA Existing DSL TBA 25-Aug
31-Aug-21 1000 Italy TBA M/T & L/T BTP TBA 26-Aug
01-Sep-21 1000 UK TBA 25-Aug Jan-29 Gilt New
01-Sep-21 1030 Germany E4bln 0% Oct-26 Bobl Re-open
02-Sep-21 0930 Spain TBA Bono/Olbi TBA 27-Aug
02-Sep-21 0950 France TBA L/T OAT TBA 27-Aug
07-Sep-21 1000 Austria TBA RAGB TBA 2-Sep
07-Sep-21 1000 UK TBA 31-Aug 0.25% Jan-25 Gilt Re-open
07-Sep-21 1030 Germany TBA I/L Bund TBA 2-Sep
07-Sep-21 1130 UK TBA 31-Aug 1.625% Oct-71 Gilt Re-open
08-Sep-21 1000 UK TBA 1-Sep 0.125% Aug-31 linker Re-open
08-Sep-21 1030 Germany E3.5bln 0% Aug-31 Green Bund New
08-Sep-21 1030 Portugal TBA Potential OT auction TBA 3-Sep
09-Sep-21 1000 Ireland E1.25bln Irish Govt Bond TBA 05-Sep
14-Sep-21 0900 Netherlands E3-5bln Jan-29 DSL Date TBC
14-Sep-21 1000 Italy TBA M/T & L/T BTP TBA 9-Sep
14-Sep-21 1000 UK TBA 7-Sep 0.375% Oct-26 Gilt Re-open
14-Sep-21 1030 Germany E5bln Sep-23 Schatz Re-open
15-Sep-21 1000 UK TBA 8-Sep 0.25% Jul-31 Gilt Re-open
16-Sep-21 0930 Spain TBA Bono/Olbi/ObliEi TBA 10-Sep
16-Sep-21 0950 France TBA M/T OAT TBA 10-Sep
16-Sep-21 1050 France TBA I/L OAT TBA 10-Sep
W/C 20-Sep ---- ESM TBA Expected transaction
20-Sep-21 1000 Slovakia TBA SlovGB
21-Sep-21 1030 Germany E3bln 0% Nov-28 Bund Re-open
21-Sep-21 1100 Finland E1.0-1.5bln RFGB
22-Sep-21 1000 UK TBA 15-Sep 0.125% Nov-56 linker Re-open
22-Sep-21 1030 Germany E2.5bln 0% May-36 Bund Re-open
22-Sep-21 1030 Portugal TBA Potential OT auction TBA 17-Sep
24-Sep-21 1000 Italy TBA BTP Short Term/BTPei TBA 21-Sep
27-Sep-21 1100 Belgium TBA 24-Sep OLO TBA 20-Sep
28-Sep-21 0900 Netherlands TBA Existing DSL TBA 22-Sep
28-Sep-21 1000 UK TBA 21-Sep 1.25% Jul-51 Gilt Re-open
29-Sep-21 1000 Italy TBA M/T & L/T BTP TBA 24-Sep
29-Sep-21 1030 Germany E4bln 0% Aug-31 Bund Re-open
05-Oct-21 1000 Austria TBA RAGB TBA 30-Sep
05-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
05-Oct-21 1030 Germany TBA I/L Bund TBA 30-Sep
06-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
06-Oct-21 1030 Germany E4bln 0% Oct-26 Bobl Re-open
07-Oct-21 0930 Spain TBA Bono/Olbi TBA 1-Oct
07-Oct-21 0950 France TBA L/T OAT TBA 01-Oct
08-Oct-21 1100 Belgium TBA ORI Facility TBA 07-Oct
12-Oct-21 0900 Netherlands TBA Provisional date TBA 06-Oct
12-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
12-Oct-21 1030 Germany E5bln Sep-23 Schatz Re-open
13-Oct-21 1000 Italy TBA M/T & L/T BTP TBA 8-Oct
13-Oct-21 1000 UK TBA I/L gilt TBA 23-Aug
13-Oct-21 1030 Germany E1bln Aug-52 Bund Re-open
13-Oct-21 1030 Portugal TBA Potential OT auction TBA 8-Oct
18-Oct-21 1000 Slovakia TBA SlovGB
19-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
20-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
20-Oct-21 1030 Germany E3bln 0% Aug-31 Green Bund Re-open
21-Oct-21 0930 Spain TBA Bono/Olbi/ObliEi TBA 15-Oct
21-Oct-21 0950 France TBA M/T OAT TBA 15-Oct
21-Oct-21 1050 France TBA I/L OAT TBA 15-Oct
26-Oct-21 0900 Netherlands TBA Provisional date TBA 20-Oct
26-Oct-21 1000 Italy TBA BTP Short Term/BTPei TBA 21-Oct
26-Oct-21 1000 UK TBA Conventional gilt TBA 23-Aug
26-Oct-21 1030 Germany E3bln 0% Nov-28 Bund Re-open
27-Oct-21 1030 Germany E2.5bln 0% May-36 Bund Re-open
27-Oct-21 1030 Portugal TBA Potential OT auction TBA 22-Oct
28-Oct-21 1000 Italy TBA M/T & L/T BTP TBA 25-Oct
02-Nov-21 1000 Austria TBA RAGB TBA 28-Oct
02-Nov-21 1000 UK TBA Conventional gilt TBA 23-Aug
02-Nov-21 1030 Germany TBA I/L Bund TBA 28-Oct
03-Nov-21 1000 UK TBA Conventional gilt TBA 23-Aug
03-Nov-21 1030 Germany E4bln 0% Oct-26 Bobl Re-open
04-Nov-21 0930 Spain TBA Bono/Olbi TBA 29-Oct
04-Nov-21 0950 France TBA L/T OAT TBA 30-Oct
09-Nov-21 0900 Netherlands TBA Provisional date TBA 03-Nov
09-Nov-21 1000 UK TBA Conventional gilt TBA 23-Aug
09-Nov-21 1030 Germany E6bln Dec-23 Schatz New
10-Nov-21 1000 UK TBA I/L gilt TBA 23-Aug
10-Nov-21 1030 Germany E3bln 0% Aug-31 Bund Re-open
10-Nov-21 1030 Portugal TBA Potential OT auction TBA 5-Nov
11-Nov-21 1000 Italy TBA M/T & L/T BTP TBA 8-Nov
15-Nov-21 1000 Slovakia TBA SlovGB
16-Nov-21 1000 UK TBA Conventional gilt TBA 23-Aug
17-Nov-21 1000 UK TBA Conventional gilt TBA 23-Aug
17-Nov-21 1030 Germany E1bln Aug-52 Bund Re-open
18-Nov-21 0930 Spain TBA Bono/Olbi/ObliEi TBA 12-Nov
18-Nov-21 0950 France TBA M/T OAT TBA 12-Nov
18-Nov-21 1050 France TBA I/L OAT TBA 12-Nov
22-Nov-21 1100 Belgium TBA 19-Nov OLO TBA 15-Nov
23-Nov-21 0900 Netherlands TBA Provisional date TBA 17-Nov
24-Nov-21 1030 Germany E2.5bln 0% May-36 Bund Re-open
24-Nov-21 1030 Portugal TBA Potential OT auction TBA 19-Nov
25-Nov-21 1000 Italy TBA BTP Short Term/BTPei TBA 22-Nov
30-Nov-21 1000 Italy TBA M/T & L/T BTP TBA 25-Nov
30-Nov-21 1030 Germany E3bln 0% Nov-28 Bund Re-open
01-Dec-21 1000 UK TBA Conventional gilt TBA 23-Aug
01-Dec-21 1030 Germany E3bln 0% Oct-26 Bobl Re-open
02-Dec-21 0930 Spain TBA Bono/Olbi TBA 26-Nov
02-Dec-21 0950 France TBA Nominal and/or linker Optional
02-Dec-21 1000 UK TBA Conventional gilt TBA 23-Aug
07-Dec-21 1000 UK TBA Conventional gilt TBA 23-Aug
07-Dec-21 1030 Germany E4bln Dec-23 Schatz Re-open
08-Dec-21 1000 UK TBA I/L gilt TBA 23-Aug
08-Dec-21 1030 Germany E3bln 0% Aug-31 Bund Re-open
13-Dec-21 1000 Slovakia TBA Reserve date
14-Dec-21 0900 Netherlands TBA Provisional date TBA 08-Dec
14-Dec-21 1000 Austria TBA RAGB TBA 9-Dec
14-Dec-21 1000 Italy TBA M/T & L/T BTP TBA 9-Dec
14-Dec-21 1000 UK TBA Conventional gilt TBA 23-Aug
16-Dec-21 0930 Spain TBA Bono/Olbi/ObliEi TBA 10-Dec
17-Dec-21 1100 Belgium TBA ORI Facility TBA 16-Dec
29-Dec-21 1000 Italy TBA BTP Short Term TBA 23-Dec
30-Dec-21 1000 Italy TBA M/T & L/T BTP TBA 27-Dec
05-Jan-22 0930 Spain TBA Bono/Olbi TBA 30-Dec
05-Jan-22 1000 UK TBA Conventional gilt
11-Jan-22 1000 UK TBA Conventional gilt
12-Jan-22 1000 UK TBA I/L gilt
13-Jan-22 1000 Italy TBA M/T & L/T BTP TBA 10-Jan
18-Jan-22 1000 UK TBA Conventional gilt
19-Jan-22 1000 UK TBA Conventional gilt
20-Jan-22 0930 Spain TBA Bono/Olbi/ObliEi TBA 14-Jan
25-Jan-22 1000 UK TBA Conventional gilt
26-Jan-22 1000 Italy TBA BTP Short Term/BTPei TBA 21-Jan
26-Jan-22 1000 UK TBA I/L gilt
28-Jan-22 1000 Italy TBA M/T & L/T BTP TBA 25-Jan
01-Feb-22 1000 UK TBA Conventional gilt
02-Feb-22 1000 UK TBA Conventional gilt
08-Feb-22 1000 UK TBA Conventional gilt
09-Feb-22 1000 UK TBA I/L gilt
15-Feb-22 1000 UK TBA Conventional gilt
16-Feb-22 1000 UK TBA Conventional gilt
23-Feb-22 1000 UK TBA I/L gilt
01-Mar-22 1000 UK TBA Conventional gilt
02-Mar-22 1000 UK TBA Conventional gilt
08-Mar-22 1000 UK TBA Conventional gilt
15-Mar-22 1000 UK TBA Conventional gilt
16-Mar-22 1000 UK TBA I/L gilt
22-Mar-22 1000 UK TBA Conventional gilt
  • Austria had planned to hold 3-4 syndicated issues in 2021. It has already launched 3 new issues via syndication: a single tranche 10-year and dual tranche 4-year/50-year.
  • 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 for the year is completed.
  • ESM funding schedule: Q3: E2.0bln, Q4: E2.0bln, 2022: E8.0bln.
  • EU NGEU funding schedule: No funding scheduled for August. Auctions will begin in September with one auction per month and one syndication per month.
  • EU other funding: MFA: E1.5bln still to be issued in 2021. SURE: Funding complete for 2021 with the rest to be completed in 2022. EFSM funding for 2021 completed.
  • Finland looks to launch a new benchmark RFGB bond in Q3, likely in August or September. It also may hold an EMTN transaction in Q3.
  • France has launched new 3-year, 5-year, 10-year, 30-year and 50-year OATs, a 10-year OATei, a 10-year OATi and a 20-year Green OAT.
  • Germany plans one further syndication in 2021: In September it plans to launch the new 30-year Aug-52 Bund.
  • Italy has cancelled the 27th July BTPei auction and the 12th August MT/LT auction due to the "high cash position".
  • Italy will issue the following new bonds in Q3: BTP Short Term maturing Jan 30, 2024 (min E9bln final outstanding), 3-year BTP maturing August 15, 2025 ( Min E9bln final outstanding), 5-year BTP maturing August 1, 2026 (Min E10bln final outstanding).
  • Italy will reopen the following bonds in Q3: BTP Short Term 0% Nov-22, 5-year BTP 0% Apr-26, 7-year BTP 0.50% Jul-28, 10-year BTP 0.95% Dec-31, Other 10+ year on-the-run bonds alongside BTPei, CCTeu and potentially off-the-run CTZ and CCTeu.
  • Netherlands could launch new DSL 2029 on either 14 or 28 September.
  • Slovakia plans to three more auctions in 2021 with at least one syndicated transaction (single or dual tranche). The maximum to be raised via syndication will be E4.0bln. It has already launched a new 15-year bond via syndication for E1.5bln.
  • Slovakia will not use the reserve auction dates scheduled for July or August.
  • The UK plans to hold a total of three conventional (two already held), two linker (one already held) and an unspecified number of Green syndications in FY21/22.
  • The UK plans to hold its inaugural green gilt syndication in September.
  • The UK DMO will hold its next quarterly consultation meeting with investors and GEMMs on 23 August.