EZ/UK Bond Supply Calendar: Spain / France to issue Thursday

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 has launched 4 new issues via syndication (it had planned 3-4): a single tranche 10-year, a dual tranche 4-year/50-year and a single tranche 15-year RAGB.
• 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 / ESM funding for 2021 is complete.
• EU funding: NGEU: E80bln for 2021 (E23.5bln remaining). MFA: E1.55bln still to be issued in 2021. SURE: Funding complete for 2021 with the rest to be completed in 2022. EFSM funding for 2021 completed.
• 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.
• Italy will issue the following new bonds in Q4: 3-year BTP maturing 15 Dec, 2024 with a minimum final outstanding of E9bln, 7-year BTP maturing 15 Feb, 2029 with a minimum final outstanding of E10bln,10-year BTP maturing 1 Jun, 2032 with a minimum final outstanding of E10bln.
• Italy will reopen the following bonds in Q4: 0% Jan-24 BTP Short Term, 0% Aug-24 BTP, 0% Aug-26 BTP, 0.50% Jul-28 BTP and the 0.95% Dec-31 BTP. Other 10+ year on-the-run bonds alongside BTPei, CCTeu and potentially off-the-run CTZ and CCTeu.