EZ/UK Bond Supply Calendar: France / Netherlands to issue Tues

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: 3-4 syndications in 2022 (from 3 in 2021). One triple tranche already held on 19 January 2022.
• Belgium: Up to 3 new benchmark OLOs intended to be launched in three syndications in 2022 (up from 2 in 2021). New 10-year launched on 18 January, 30-year OLOs to be launched and also a Green OLO with maturity to be determined.
• Finland looks to hold three syndications in 2022: a 5-year, a10-year and a long bond subject to market conditions (15-30 year). The first new RFGB will be launched via syndication in Q1 (MNI expects February).
• France: New bonds planned in 2022: One 3-year OAT (launched 20 January), one 5/6-year OAT, two 10-year OATs (first launched 6 January), one 15-year OAT, one new 30-year OATei (via syndication). Potential issues to be examined: 20-30-year OAT via syndication, 10-15-year inflation-linked Green bond.
• Germany: 2022 planned syndications: 30-year 0% Aug-52 Bund reopen in March, 30-year 0% Aug-50 Green Bund reopen in Q2, 5-year Aug-27 Green Bobl new issue in Q3 and new conventional 30-year Bund in Q4.
• Italy: In Q1-22 plans to issue the following new bonds: BTP Short with maturity of 29 November 2023 (minimum outstanding E9bln), 5-year BTP maturing 4 January 2027 (minimum outstanding E10bln). It has already launched the 30-year 2.15% Sep-52 BTP. It also plans to reopen the 0% Jan-24 BTP Short, the 3-year 0% Dec-24 BTP, the 5-year 0% Aug-26 BTP, 7-year 0.4% Feb-29 BTP and also the 10-year 0.95% Jun-32 BTP.
• Netherlands: 2022 new issues: 5-year Jan-26 DSL launched via MTS auction on 11 January for E5.411bln inc second round (E8bln to be issued in 2022 with E12bln target size within 18 months), 10-year Jul-32 DSL via DDA on 15 February (E4-6bln launch with E12bln issued through 2022), new 30-year DSL via DDA with timing TBA (E5bln to be issued in 2022 with E10bln eventual size). On-the-run issues to be tapped in 2022: 0% Jan-29 DSL to be tapped via auction on 8 March and one other time in 2022 for E4bln total. 0.50% Jan-40 Green DSL (current outstanding E10.7bln) will be increased in size by E5bln in one re-opening. E11bln of funding still TBA (including two tap auctions in Q1).
• Slovakia: Plans to sell E2-3bln via syndication in 1-2 transactions in 2022.