EZ/UK Bond Supply Calendar: EU, IT Syndis; NE, UK, DE Due 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.

• Austria plans 3-4 syndication in 2024 (it has held one triple tranche on 18 January and one single tranche on 22 May) and to raise E6.0bln through green issuance (with an 80/20 bond/bill split).
• Belgium has launched its planned 3 new benchmark OLOs for in 2024 via syndications (3 in 2023). 5-year 2.70% Oct-29 OLO (launched on 9 April), 10-year 2.85% Oct-34 OLO (launched on 9 January) and 30-year 3.50% Jun-55 OLO launched on 7 February. Belgium has also sold USD1.25bln of the 30-year 4.875% Jun-55 USD bond and may hold further EMTN transactions if funding conditions remain favourable.
• Finland plans 3 syndications in 2024, 30-year benchmark has already been issued (on 17 January), new 10-year on 23 April) with a third due in Q4 (5-7 / 15+ year). E10bln is expected to be raised at syndications in 2024 with E7bln raised so far.
• France plans to launch the following new issues in 2024: one new 3-year OAT (launched 18 January), one new 5/6-year OAT (launched on 18 April), two new 10-year OATs via auction, new 30-year OAT via syndication (launched 27 February), one new 10-year OATei and under consideration is a 15-20-year OATi. 3.00% Jun-49 Green OAT was launched on 16 January.
• Germany has held three syndications in 2024:The 30-year 2.50% Aug-54 Bund was launched in January and then reopened for a combined E10.5bln. The 1.80% Aug-53 Green Bund was reopened for E3.0bln in June.
• Ireland intends to conduct "at least one" syndication in 2024. It launched a new 10-year IGB on 11 January.
• Italy: New bonds to be issued in Q3 are a BTP Short Term maturing 28 August 2026 (minimum outstanding E9bln, launched 25 July), a 5-year BTP maturing 1 October 2029 (minimum outstanding E10bln), and a 10-year BTP maturing 1 February 2035 (minimum outstanding E10bln, to be launched 30 July). Bonds to be reopened in Q3 are the 3-year 3.45% Jul-27 BTP (minimum outstanding E9bln), the 5-year 3.35% Jul-29 BTP (minimum outstanding E10bln already exceeded), the 7-year 3.45% Jul-31 BTP (minimum outstanding E10bln), and the 10-year 3.85% Jul-34 BTP (minimum outstanding E10bln already exceeded).
• Italy has launched two BTP Valores (first launched W/C 27 February and W/C 6 May) and one BTP Italia (on 2 Jul) in 2024 as of now. Possibility of new BTP Futura would be based on market conditions and demand for the instrument.
• Slovakia plans to raise E4.5-5.5bln through syndications in 2024 with 2-3 new issues launched: one 2-year (launched on 5 February, max issue size E1.5bln), one 4- year (launched on 5 February, max issue size E3bln), one 10-year (launched on 27 February; max issue size E5bln).
• The BOE will announce its 2024/25 APF sales target on 19 September (if there are active sales, the Q4-24 schedule will be announced simultaneously).
• The UK plans to hold an index-linked gilt syndication in the second half of November.
• The UK DMO will announce at 7:30BST on Tuesday 10 September the outcome of its consultation regarding a gilt tender with under 3-years to maturity. The DMO has noted that Thursday this week (12 September) is a possible date for the tender.
• The DMO will hold a consultation with GEMMs and investors to discuss FQ4 (Jan-Mar) issuance on Mon 11 November with the agenda likely published on Monday 4 November.