November 20, 2024 19:46 GMT
EZ/UK Bond Supply Calendar: Spain, France Auction; UK Tender
Below are the known dates for auctions of European bonds and UK gilts. All times are UK.
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MNI (LONDON)
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 |
21-Nov-24 | 0930 | Spain | E4.0-5.0bln | 3.10% Jul-31 Obli | Re-open |
21-Nov-24 | 0930 | Spain | Shared | 4.20% Jan-37 Obli | Re-open |
21-Nov-24 | 0930 | Spain | Shared | 1.00% Jul-42 Green Obli | Re-open |
21-Nov-24 | 0950 | France | E9.0-11.0bln | 2.50% Sep-27 OAT | Re-open |
21-Nov-24 | 0950 | France | Shared | 0.75% Nov-28 OAT | Re-open |
21-Nov-24 | 0950 | France | Shared | 2.75% Feb-30 OAT | Re-open |
21-Nov-24 | 0950 | France | Shared | 0% Nov-30 OAT | Re-open |
21-Nov-24 | 1000 | UK | GBP2bln | 0.125% Jan-26 Gilt | Tender |
21-Nov-24 | 1050 | France | E1.5-2.25bln | 3.15% Jul-32 OATei | Re-open |
21-Nov-24 | 1050 | France | Shared | 0.60% Jul-34 OATei | Re-open |
21-Nov-24 | 1050 | France | Shared | 1.80% Jul-40 OATei | Re-open |
21-Nov-24 | 1050 | France | Shared | 0.10% Mar-36 OATi | Re-open |
25-Nov-24 | 1030 | EU | Up to E2bln | 2.00% Oct-27 EU-bond | Re-open |
25-Nov-24 | 1030 | EU | Up to E2bln | 3.00% Dec-34 EU-bond | Re-open |
W/C 25-Nov | ---- | UK | TBA | 1.25% Nov-54 linker | Synd; Tap |
26-Nov-24 | 1000 | Italy | TBA 21-Nov | BTP Short Term | TBA 21-Nov |
26-Nov-24 | 1000 | Italy | TBA 21-Nov | BTPei | TBA 21-Nov |
26-Nov-24 | 1030 | Germany | E4bln | 2.50% Oct-29 Bobl | Re-open |
27-Nov-24 | 1030 | Portugal | TBA 22-Nov | Potential OT auction | TBA 22-Nov |
28-Nov-24 | 1000 | Italy | TBA 25-Nov | 5-year BTP | TBA 25-Nov |
28-Nov-24 | 1000 | Italy | TBA 25-Nov | 10-year BTP | TBA 25-Nov |
28-Nov-24 | 1000 | Italy | TBA 25-Nov | CCTeu | TBA 25-Nov |
28-Nov-24 | 1100 | Finland | Up to E0.4bln | ORI Facility | |
03-Dec-24 | 1000 | UK | TBA 26-Nov | 4.375% Jul-54 Gilt | Re-open |
03-Dec-24 | 1030 | Germany | E4.5bln | 2.00% Dec-26 Schatz | Re-open |
04-Dec-24 | 1000 | UK | TBA 27-Nov | 4.00% Oct-31 Gilt | Re-open |
04-Dec-24 | 1030 | Germany | E3.5bln | 2.60% Aug-34 Bund | Re-open |
05-Dec-24 | 0930 | Spain | TBA 2-Dec | Bono/Olbi | TBA 29-Nov |
05-Dec-24 | 0930 | Spain | TBA 2-Dec | ObliEi | TBA 29-Nov |
05-Dec-24 | 0950 | France | TBA 29-Nov | Nominal / IL OATs | TBA 29-Nov |
W/C 9-Dec | ---- | EU | TBA | Potential EU-bond syndication | |
10-Dec-24 | 1000 | Austria | TBA 5-Dec | RAGB | TBA 5-Dec |
10-Dec-24 | 1000 | UK | TBA 3-Dec | 0.75% Nov-33 linker | Re-open |
11-Dec-24 | 1000 | UK | TBA 4-Dec | 4.25% Jul-34 Gilt | Re-open |
11-Dec-24 | 1030 | Portugal | TBA 6-Dec | Potential OT auction | TBA 6-Dec |
12-Dec-24 | 0930 | Spain | TBA 9-Dec | Bono/Olbi | TBA 6-Dec |
12-Dec-24 | 1000 | Italy | TBA 9-Dec | 3-year BTP | TBA 9-Dec |
12-Dec-24 | 1000 | Italy | TBA 9-Dec | 7-year BTP | TBA 9-Dec |
12-Dec-24 | 1000 | Italy | TBA 9-Dec | 15-50-year BTP | TBA 9-Dec |
13-Dec-24 | 1100 | Belgium | TBA 12-Dec | ORI Facility | ORI Facility |
16-Dec-24 | 1000 | Slovakia | TBA | Reserve auction | TBA 9-Dec |
17-Dec-24 | 1000 | UK | TBA 10-Dec | 4.125% Jul-29 Gilt | Re-open |
31-Dec-24 | 1000 | Italy | TBA 23-Dec | 5-year BTP | TBA 23-Dec |
31-Dec-24 | 1000 | Italy | TBA 23-Dec | 10-year BTP | TBA 23-Dec |
31-Dec-24 | 1000 | Italy | TBA 23-Dec | CCTeu | TBA 23-Dec |
07-Jan-25 | 1000 | UK | TBA 30-Dec | 4.375% Jul-54 Gilt | Re-open |
08-Jan-25 | 1000 | UK | TBA 30-Dec | Mar-30 Gilt | New |
09-Jan-25 | 0930 | Spain | TBA 6-Jan | Bono/Olbi | TBA 3-Jan |
09-Jan-25 | 0930 | Spain | TBA 6-Jan | ObliEi | TBA 3-Jan |
14-Jan-25 | 1000 | Italy | TBA 9-Jan | 3-year BTP | TBA 9-Jan |
14-Jan-25 | 1000 | Italy | TBA 9-Jan | 7-year BTP | TBA 9-Jan |
14-Jan-25 | 1000 | Italy | TBA 9-Jan | 15-50-year BTP | TBA 9-Jan |
14-Jan-25 | 1000 | UK | TBA 7-Jan | 1.25% Nov-54 linker | Re-open |
15-Jan-25 | 1000 | UK | TBA 8-Jan | 4.25% Jul-34 Gilt | Re-open |
16-Jan-25 | 0930 | Spain | TBA 13-Jan | Bono/Olbi | TBA 10-Jan |
W/C 20-Jan | ---- | UK | TBA | 15-20 year gilt | Synd |
23-Jan-25 | 1000 | UK | TBA 16-Jan | 4.375% Mar-28 Gilt | Re-open |
28-Jan-25 | 1000 | Italy | TBA 23-Jan | BTP Short Term | TBA 23-Jan |
28-Jan-25 | 1000 | Italy | TBA 23-Jan | BTPei | TBA 23-Jan |
28-Jan-25 | 1000 | UK | TBA 21-Jan | Sep-35 linker | New |
29-Jan-25 | 1000 | UK | TBA 22-Jan | 0.875% Jul-33 Green Gilt | Re-open |
30-Jan-25 | 1000 | Italy | TBA 27-Jan | 5-year BTP | TBA 27-Jan |
30-Jan-25 | 1000 | Italy | TBA 27-Jan | 10-year BTP | TBA 27-Jan |
30-Jan-25 | 1000 | Italy | TBA 27-Jan | CCTeu | TBA 27-Jan |
04-Feb-25 | 1000 | UK | TBA 28-Jan | Mar-30 Gilt | Re-open |
05-Feb-25 | 1000 | UK | TBA 29-Jan | 1.50% Jul-53 Green Gilt | Re-open |
12-Feb-25 | 1000 | UK | TBA 5-Feb | 0.625% Mar-45 linker | Re-open |
18-Feb-25 | 1000 | UK | TBA 11-Feb | 4.00% Oct-63 Gilt | Re-open |
19-Feb-25 | 1000 | UK | TBA 12-Feb | 4.375% Mar-28 Gilt | Re-open |
25-Feb-25 | 1000 | UK | TBA 18-Feb | Sep-35 linker | Re-open |
27-Feb-25 | 1000 | UK | TBA 20-Feb | 4.375% Jan-40 Gilt | Re-open |
04-Mar-25 | 1000 | UK | TBA 25-Feb | 4.375% Jul-54 Gilt | Re-open |
05-Mar-25 | 1000 | UK | TBA 26-Feb | Mar-30 Gilt | Re-open |
12-Mar-24 | 1000 | UK | TBA 5-Mar | 10-year Gilt | Re-open |
18-Mar-25 | 1000 | UK | TBA 11-Mar | 4.375% Mar-28 Gilt | Re-open |
25-Mar-25 | 1000 | UK | TBA 18-Mar | 4.75% Oct-43 Gilt | Re-open |
26-Mar-25 | 1000 | UK | TBA 19-Mar | 4.00% Oct-31 Gilt | Re-open |
- 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 Q4 are a 3-year BTP maturing 15 October 2027 (E9bln min), and a 7-year BTP maturing 15 November 2031 (E10bln min). Bonds to be reopened in Q4 are the 3.10% Aug-26 BTP Short Term (ISIN: IT0005607269, E9bln minimum amount already exceeded), the 3-year 3.45% Jul-27 BTP (ISIN: IT0005599904, E9bln min already exceeded), the 5-year 3.00% Oct-29 BTP (ISIN: IT0005611055, E10bln min), the 7-year 3.45% Jul-31 BTP (ISIN: IT0005595803, E10bln min already exceeded), and the 10-year 3.85% Feb-35 BTP (ISIN: IT0005607970, E10bln min).
- 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 DMO is scheduled to publish the FQ4 (Jan-Mar) gilt operations calendar on 15 November.
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