December 24, 2024 13:14 GMT
EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January
Below are the known dates for auctions of European bonds and UK gilts. All times are UK.
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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.
06-Jan-25 | 1445 | UK | GBP725mln | Medium APF Sales (7y-20y) | |
07-Jan-25 | 1000 | Austria | TBA 2-Jan | RAGB | TBA 2-Jan |
07-Jan-25 | 1000 | UK | TBA 30-Dec | 4.375% Jul-54 Gilt | Re-open |
07-Jan-25 | 1030 | Germany | E4.5bln | 2.00% Dec-26 Schatz | Re-open |
08-Jan-25 | 1000 | UK | TBA 30-Dec | Mar-30 Gilt | New |
08-Jan-25 | 1030 | Germany | E5bln | Feb-35 Bund | New |
08-Jan-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 3-Jan |
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 |
09-Jan-25 | 0950 | France | TBA 6-Jan | LT OATs | TBA 3-Jan |
13-Jan-25 | 1000 | Italy | TBA 8-Jan | 3-year BTP | TBA 8-Jan |
13-Jan-25 | 1000 | Italy | TBA 8-Jan | 7-year BTP | TBA 8-Jan |
13-Jan-25 | 1000 | Italy | TBA 8-Jan | 15-50-year BTP | TBA 8-Jan |
13-Jan-25 | 1445 | UK | GBP750mln | Short APF Sales (3y-7y) | |
W/C 13-Jan | ---- | EU | TBA | EU-bond syndication | |
14-Jan-25 | 0900 | Netherlands | E1.5-2.0bln | 2.00% Jan-54 DSL | Re-open |
14-Jan-25 | 1000 | UK | TBA 7-Jan | 1.25% Nov-54 linker | Re-open |
14-Jan-25 | 1030 | Germany | E5bln | Apr-30 Bobl | New |
15-Jan-25 | 1000 | Greece | TBA 14-Jan | GGB | Re-open |
15-Jan-25 | 1000 | UK | TBA 8-Jan | 4.25% Jul-34 Gilt | Re-open |
15-Jan-25 | 1030 | Germany | E1.5bln | 2.50% Aug-54 Bund | Re-open |
15-Jan-25 | 1030 | Germany | E1bln | 30-year Bund | TBA 7-Jan |
16-Jan-25 | 0930 | Spain | TBA 13-Jan | Bono/Olbi | TBA 10-Jan |
20-Jan-25 | 1000 | Slovakia | TBA | SlovGB | TBA 13-Jan |
W/C 20-Jan | ---- | UK | TBA | 15-20 year gilt | Synd |
21-Jan-25 | 1030 | Germany | TBA | Green auction | |
22-Jan-25 | 1030 | Germany | E1.5bln | 2.60% May-41 Bund | Re-open |
22-Jan-25 | 1030 | Germany | E500mln | 15-year Bund | TBA 14-Jan |
22-Jan-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 17-Jan |
23-Jan-25 | 0950 | France | TBA 20-Jan | MT OATs | TBA 18-Jan |
23-Jan-25 | 0950 | France | TBA 20-Jan | IL OATs | TBA 18-Jan |
23-Jan-25 | 1000 | UK | TBA 16-Jan | 4.375% Mar-28 Gilt | Re-open |
27-Jan-25 | 1030 | EU | TBA 22-Jan | EU-bond auction | TBA 22-Jan |
27-Jan-25 | 1100 | Belgium | TBA 24-Jan | Conventional auction | TBA 21-Jan |
27-Jan-25 | 1445 | UK | GBP550mln | Long APF Sales (20y+) | |
28-Jan-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 22-Jan |
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 |
28-Jan-25 | 1030 | Germany | E5bln | Mar-27 Schatz | New |
29-Jan-25 | 1000 | UK | TBA 22-Jan | 0.875% Jul-33 Green Gilt | Re-open |
29-Jan-25 | 1030 | Germany | E4.5bln | Feb-35 Bund | 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 | Austria | TBA 30-Jan | RAGB | TBA 30-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 |
06-Feb-25 | 0930 | Spain | TBA 3-Feb | Bono/Olbi | TBA 31-Jan |
06-Feb-25 | 0930 | Spain | TBA 3-Feb | ObliEi | TBA 31-Jan |
06-Feb-25 | 0950 | France | TBA 31-Jan | LT OATs | TBA 31-Jan |
06-Feb-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
07-Feb-25 | 1100 | Belgium | TBA 6-Feb | ORI Facility | TBA 6-Feb |
W/C 10-Feb | ---- | EU | TBA | EU-bond syndication | |
11-Feb-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 5-Feb |
11-Feb-25 | 1030 | Germany | E5bln | Apr-30 Bobl | Re-open |
12-Feb-25 | 1000 | UK | TBA 5-Feb | 0.625% Mar-45 linker | Re-open |
12-Feb-25 | 1000 | Greece | TBA 11-Feb | GGB | Re-open |
12-Feb-25 | 1030 | Germany | E1.5bln | 2.50% Aug-54 Bund | Re-open |
12-Feb-25 | 1030 | Germany | E1bln | 30-year Bund | TBA 4-Feb |
12-Feb-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 7-Feb |
13-Feb-25 | 1000 | Italy | TBA 10-Feb | 3-year BTP | TBA 10-Feb |
13-Feb-25 | 1000 | Italy | TBA 10-Feb | 7-year BTP | TBA 10-Feb |
13-Feb-25 | 1000 | Italy | TBA 10-Feb | 15-50-year BTP | TBA 10-Feb |
17-Feb-25 | 1000 | Slovakia | TBA | SlovGB | TBA 10-Feb |
18-Feb-25 | 1000 | UK | TBA 11-Feb | 4.00% Oct-63 Gilt | Re-open |
18-Feb-25 | 1030 | Germany | E4.5bln | Mar-27 Schatz | Re-open |
18-Feb-25 | 1100 | Finland | E1.0-1.5bln | Conventional auction | TBA 14-Feb |
19-Feb-25 | 1000 | UK | TBA 12-Feb | 4.375% Mar-28 Gilt | Re-open |
19-Feb-25 | 1030 | Germany | E4.5bln | Feb-35 Bund | Re-open |
20-Feb-25 | 0930 | Spain | TBA 17-Feb | Bono/Olbi | TBA 14-Feb |
20-Feb-25 | 0950 | France | TBA 14-Feb | MT OATs | TBA 14-Feb |
20-Feb-25 | 1050 | France | TBA 14-Feb | IL OATs | TBA 14-Feb |
24-Feb-25 | 1030 | EU | TBA 19-Feb | EU-bond auction | TBA 19-Feb |
24-Feb-25 | 1100 | Belgium | TBA 21-Feb | Conventional auction | TBA 18-Feb |
25-Feb-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 19-Feb |
25-Feb-25 | 1000 | Italy | TBA 20-Feb | BTP Short Term | TBA 20-Feb |
25-Feb-25 | 1000 | Italy | TBA 20-Feb | BTPei | TBA 20-Feb |
25-Feb-25 | 1000 | UK | TBA 18-Feb | Sep-35 linker | Re-open |
25-Feb-25 | 1030 | Germany | TBA | Green auction | |
26-Feb-25 | 1030 | Germany | E1.5bln | 1.00% May-38 Bund | Re-open |
26-Feb-25 | 1030 | Germany | E500mln | 15-year Bund | TBA 18-Feb |
26-Feb-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 21-Feb |
27-Feb-25 | 1000 | Italy | TBA 24-Feb | 5-year BTP | TBA 24-Feb |
27-Feb-25 | 1000 | Italy | TBA 24-Feb | 10-year BTP | TBA 24-Feb |
27-Feb-25 | 1000 | Italy | TBA 24-Feb | CCTeu | TBA 24-Feb |
27-Feb-25 | 1000 | UK | TBA 20-Feb | 4.375% Jan-40 Gilt | Re-open |
04-Mar-25 | 1000 | Austria | TBA 27-Feb | RAGB | TBA 27-Feb |
04-Mar-25 | 1000 | UK | TBA 25-Feb | 4.375% Jul-54 Gilt | Re-open |
04-Mar-25 | 1030 | Germany | E4.5bln | Apr-30 Bobl | Re-open |
05-Mar-25 | 1000 | UK | TBA 26-Feb | Mar-30 Gilt | Re-open |
06-Mar-25 | 0930 | Spain | TBA 3-Mar | Bono/Olbi | TBA 28-Feb |
06-Mar-25 | 0930 | Spain | TBA 3-Mar | ObliEi | TBA 28-Feb |
06-Mar-25 | 0950 | France | TBA 28-Feb | LT OATs | TBA 28-Feb |
07-Mar-25 | 1100 | Belgium | TBA 6-Mar | ORI Facility | TBA 6-Mar |
W/C 10-Mar | ---- | EU | TBA | EU-bond syndication | |
11-Mar-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 5-Mar |
11-Mar-25 | 1030 | Germany | E4.5bln | Mar-27 Schatz | Re-open |
12-Mar-25 | 1000 | UK | TBA 5-Mar | 10-year Gilt | #N/A |
12-Mar-25 | 1030 | Germany | E4.5bln | Feb-35 Bund | Re-open |
12-Mar-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 7-Mar |
13-Mar-25 | 1000 | Italy | TBA 10-Mar | 3-year BTP | TBA 10-Mar |
13-Mar-25 | 1000 | Italy | TBA 10-Mar | 7-year BTP | TBA 10-Mar |
13-Mar-25 | 1000 | Italy | TBA 10-Mar | 15-50-year BTP | TBA 10-Mar |
17-Mar-25 | 1000 | Slovakia | TBA | SlovGB | TBA 10-Mar |
18-Mar-25 | 1000 | UK | TBA 11-Mar | 4.375% Mar-28 Gilt | Re-open |
18-Mar-25 | 1100 | Finland | E1.0-1.5bln | Conventional auction | TBA 14-Mar |
19-Mar-25 | 1000 | Greece | TBA 18-Mar | GGB | Re-open |
19-Mar-25 | 1030 | Germany | E1.5bln | 1.80% Aug-53 Bund | Re-open |
19-Mar-25 | 1030 | Germany | E1bln | 30-year Bund | TBA 11-Mar |
20-Mar-25 | 0930 | Spain | TBA 17-Mar | Bono/Olbi | TBA 14-Mar |
20-Mar-25 | 0950 | France | TBA 14-Mar | MT OATs | TBA 14-Mar |
20-Mar-25 | 1050 | France | TBA 14-Mar | IL OATs | TBA 14-Mar |
24-Mar-25 | 1030 | EU | TBA 19-Mar | EU-bond auction | TBA 19-Mar |
24-Mar-25 | 1100 | Belgium | TBA 21-Mar | Conventional auction | TBA 18-Mar |
25-Mar-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 19-Mar |
25-Mar-25 | 1000 | UK | TBA 18-Mar | 4.75% Oct-43 Gilt | Re-open |
25-Mar-25 | 1030 | Germany | E4.5bln | Apr-30 Bobl | Re-open |
26-Mar-25 | 1000 | Italy | TBA 21-Mar | BTP Short Term | TBA 21-Mar |
26-Mar-25 | 1000 | Italy | TBA 21-Mar | BTPei | TBA 21-Mar |
26-Mar-25 | 1030 | Germany | E1.5bln | 2.60% May-41 Bund | Re-open |
26-Mar-25 | 1030 | Germany | E500mln | 15-year Bund | TBA 18-Mar |
26-Mar-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 21-Mar |
27-Mar-25 | 1000 | UK | TBA 20-Mar | 4.00% Oct-31 Gilt | Re-open |
28-Mar-25 | 1000 | Italy | TBA 25-Mar | 5-year BTP | TBA 25-Mar |
28-Mar-25 | 1000 | Italy | TBA 25-Mar | 10-year BTP | TBA 25-Mar |
28-Mar-25 | 1000 | Italy | TBA 25-Mar | CCTeu | TBA 25-Mar |
01-Apr-25 | 1030 | Germany | E4.5bln | Mar-27 Schatz | Re-open |
02-Apr-25 | 1030 | Germany | E4.5bln | Feb-35 Bund | Re-open |
03-Apr-25 | 0930 | Spain | TBA 31-Mar | Bono/Olbi | TBA 28-Mar |
03-Apr-25 | 0930 | Spain | TBA 31-Mar | ObliEi | TBA 28-Mar |
03-Apr-25 | 0950 | France | TBA 28-Mar | LT OATs | TBA 28-Mar |
03-Apr-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
W/C 7-Apr | ---- | EU | TBA | EU-bond syndication | |
08-Apr-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 2-Apr |
08-Apr-25 | 1000 | Austria | TBA 3-Apr | RAGB | TBA 3-Apr |
08-Apr-25 | 1030 | Germany | TBA | Green auction | |
09-Apr-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 4-Apr |
11-Apr-25 | 1000 | Italy | TBA 8-Apr | 3-year BTP | TBA 8-Apr |
11-Apr-25 | 1000 | Italy | TBA 8-Apr | 7-year BTP | TBA 8-Apr |
11-Apr-25 | 1000 | Italy | TBA 8-Apr | 15-50-year BTP | TBA 8-Apr |
15-Apr-25 | 1030 | Germany | E4.5bln | Apr-30 Bobl | Re-open |
16-Apr-25 | 1000 | Greece | TBA 15-Apr | GGB | Re-open |
16-Apr-25 | 1030 | Germany | E2.5bln | 30-year Bund | |
17-Apr-25 | 0950 | France | TBA 11-Apr | MT OATs | TBA 11-Apr |
17-Apr-25 | 1050 | France | TBA 11-Apr | IL OATs | TBA 11-Apr |
22-Apr-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 16-Apr |
22-Apr-25 | 1000 | Slovakia | TBA | SlovGB | TBA 14-Apr |
22-Apr-25 | 1030 | Germany | E5bln | Jun-27 Schatz | New |
23-Apr-25 | 1030 | Germany | E4bln | Feb-35 Bund | Re-open |
23-Apr-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 18-Apr |
24-Apr-25 | 0930 | Spain | TBA 17-Apr | Bono/Olbi | TBA 17-Apr |
24-Apr-25 | 1000 | Italy | TBA 22-Apr | BTP Short Term | TBA 22-Apr |
24-Apr-25 | 1000 | Italy | TBA 22-Apr | BTPei | TBA 22-Apr |
28-Apr-25 | 1030 | EU | TBA 23-Apr | EU-bond auction | TBA 23-Apr |
28-Apr-25 | 1100 | Belgium | TBA 25-Apr | Conventional auction | TBA 22-Apr |
29-Apr-25 | 1000 | Italy | TBA 23-Apr | 5-year BTP | TBA 23-Apr |
29-Apr-25 | 1000 | Italy | TBA 23-Apr | 10-year BTP | TBA 23-Apr |
29-Apr-25 | 1000 | Italy | TBA 23-Apr | CCTeu | TBA 23-Apr |
30-Apr-25 | 1030 | Germany | E2bln | 15-year Bund | |
02-May-25 | 1100 | Belgium | TBA 30-Apr | ORI Facility | TBA 30-Apr |
06-May-25 | 1000 | Austria | TBA 1-May | RAGB | TBA 1-May |
06-May-25 | 1030 | Germany | E4.5bln | Apr-30 Bobl | Re-open |
07-May-25 | 0950 | France | TBA 30-Apr | LT OATs | TBA 30-Apr |
08-May-25 | 0930 | Spain | TBA 5-May | Bono/Olbi | TBA 2-May |
08-May-25 | 0930 | Spain | TBA 5-May | ObliEi | TBA 2-May |
W/C 12-May | ---- | EU | TBA | EU-bond syndication | |
13-May-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 7-May |
13-May-25 | 1000 | Italy | TBA 8-May | 3-year BTP | TBA 8-May |
13-May-25 | 1000 | Italy | TBA 8-May | 7-year BTP | TBA 8-May |
13-May-25 | 1000 | Italy | TBA 8-May | 15-50-year BTP | TBA 8-May |
13-May-25 | 1030 | Germany | E4.5bln | Jun-27 Schatz | Re-open |
14-May-25 | 1030 | Germany | E2.5bln | 30-year Bund | |
14-May-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 9-May |
15-May-25 | 0930 | Spain | TBA 12-May | Bono/Olbi | TBA 9-May |
19-May-25 | 1000 | Slovakia | TBA | SlovGB | TBA 12-May |
19-May-25 | 1030 | EU | TBA 14-May | EU-bond auction | TBA 14-May |
20-May-25 | 1030 | Germany | TBA | Green auction | |
21-May-25 | 1000 | Greece | TBA 20-May | GGB | Re-open |
21-May-25 | 1030 | Germany | E4bln | Feb-35 Bund | Re-open |
22-May-25 | 0950 | France | TBA 16-May | MT OATs | TBA 16-May |
22-May-25 | 1050 | France | TBA 16-May | IL OATs | TBA 16-May |
26-May-25 | 1100 | Belgium | TBA 23-May | Conventional auction | TBA 20-May |
27-May-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 21-May |
27-May-25 | 1000 | Italy | TBA 22-May | BTP Short Term | TBA 22-May |
27-May-25 | 1000 | Italy | TBA 22-May | BTPei | TBA 22-May |
28-May-25 | 1030 | Germany | E2bln | 15-year Bund | |
28-May-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 23-May |
29-May-25 | 1000 | Italy | TBA 26-May | 5-year BTP | TBA 26-May |
29-May-25 | 1000 | Italy | TBA 26-May | 10-year BTP | TBA 26-May |
29-May-25 | 1000 | Italy | TBA 26-May | CCTeu | TBA 26-May |
02-Jun-25 | 1000 | Slovakia | TBA | Jun-29 SlovGB | Re-open |
02-Jun-25 | 1030 | EU | TBA 28-May | EU-bond auction | TBA 28-May |
03-Jun-25 | 1000 | Austria | TBA 29-May | RAGB | TBA 29-May |
03-Jun-25 | 1030 | Germany | E4.5bln | Jun-27 Schatz | Re-open |
05-Jun-25 | 0930 | Spain | TBA 2-Jun | Bono/Olbi | TBA 30-May |
05-Jun-25 | 0930 | Spain | TBA 2-Jun | ObliEi | TBA 30-May |
05-Jun-25 | 0950 | France | TBA 30-May | LT OATs | TBA 30-May |
10-Jun-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 4-Jun |
10-Jun-25 | 1030 | Germany | E4bln | Apr-30 Bobl | Re-open |
11-Jun-25 | 1030 | Germany | E3bln | Feb-35 Bund | Re-open |
11-Jun-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 6-Jun |
12-Jun-25 | 1000 | Italy | TBA 9-Jun | 3-year BTP | TBA 9-Jun |
12-Jun-25 | 1000 | Italy | TBA 9-Jun | 7-year BTP | TBA 9-Jun |
12-Jun-25 | 1000 | Italy | TBA 9-Jun | 15-50-year BTP | TBA 9-Jun |
16-Jun-25 | 1000 | Slovakia | TBA | SlovGB | TBA 9-Jun |
W/C 16-Jun | ---- | EU | TBA | EU-bond syndication | |
17-Jun-25 | 1030 | Germany | TBA | Green auction | |
18-Jun-25 | 1000 | Greece | TBA 17-Jun | GGB | Re-open |
18-Jun-25 | 1030 | Germany | E2.5bln | 30-year Bund | |
19-Jun-25 | 0930 | Spain | TBA 16-Jun | Bono/Olbi | TBA 13-Jun |
19-Jun-25 | 0950 | France | TBA 13-Jun | MT OATs | TBA 13-Jun |
19-Jun-25 | 1050 | France | TBA 13-Jun | IL OATs | TBA 13-Jun |
23-Jun-25 | 1030 | EU | TBA 18-Jun | EU-bond auction | TBA 18-Jun |
23-Jun-25 | 1100 | Belgium | TBA 20-Jun | Conventional auction | TBA 17-Jun |
24-Jun-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 18-Jun |
24-Jun-25 | 1030 | Germany | E4bln | Jun-27 Schatz | Re-open |
25-Jun-25 | 1000 | Italy | TBA 20-Jun | BTP Short Term | TBA 20-Jun |
25-Jun-25 | 1000 | Italy | TBA 20-Jun | BTPei | TBA 20-Jun |
25-Jun-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 20-Jun |
26-Jun-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
27-Jun-25 | 1000 | Italy | TBA 24-Jun | 5-year BTP | TBA 24-Jun |
27-Jun-25 | 1000 | Italy | TBA 24-Jun | 10-year BTP | TBA 24-Jun |
27-Jun-25 | 1000 | Italy | TBA 24-Jun | CCTeu | TBA 24-Jun |
02-Jul-25 | 1030 | Germany | E5bln | Aug-35 Bund | New |
03-Jul-25 | 0930 | Spain | TBA 30-Jun | Bono/Olbi | TBA 27-Jun |
03-Jul-25 | 0930 | Spain | TBA 30-Jun | ObliEi | TBA 27-Jun |
03-Jul-25 | 0950 | France | TBA 27-Jun | LT OATs | TBA 27-Jun |
04-Jul-25 | 1100 | Belgium | TBA 3-Jul | ORI Facility | TBA 3-Jul |
08-Jul-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 2-Jul |
08-Jul-25 | 1000 | Austria | TBA 3-Jul | RAGB | TBA 3-Jul |
08-Jul-25 | 1030 | Germany | E5bln | Oct-30 Bobl | New |
09-Jul-25 | 1030 | Germany | E2bln | 15-year Bund | |
09-Jul-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 4-Jul |
11-Jul-25 | 1000 | Italy | TBA 8-Jul | 3-year BTP | TBA 8-Jul |
11-Jul-25 | 1000 | Italy | TBA 8-Jul | 7-year BTP | TBA 8-Jul |
11-Jul-25 | 1000 | Italy | TBA 8-Jul | 15-50-year BTP | TBA 8-Jul |
15-Jul-25 | 1030 | Germany | E5bln | Sep-27 Schatz | New |
16-Jul-25 | 1030 | Germany | E2bln | 30-year Bund | |
17-Jul-25 | 0930 | Spain | TBA 14-Jul | Bono/Olbi | TBA 11-Jul |
17-Jul-25 | 0950 | France | TBA 11-Jul | MT OATs | TBA 11-Jul |
17-Jul-25 | 1050 | France | TBA 11-Jul | IL OATs | TBA 11-Jul |
21-Jul-25 | 1000 | Slovakia | TBA | SlovGB | Reserve |
22-Jul-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 16-Jul |
22-Jul-25 | 1030 | Germany | TBA | Green auction | |
23-Jul-25 | 1030 | Germany | E4.5bln | Aug-35 Bund | Re-open |
23-Jul-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 18-Jul |
24-Jul-25 | 1000 | Italy | TBA 21-Jul | BTP Short Term | TBA 21-Jul |
24-Jul-25 | 1000 | Italy | TBA 21-Jul | BTPei | TBA 21-Jul |
28-Jul-25 | 1100 | Belgium | TBA 25-Jul | Conventional auction | TBA 22-Jul |
29-Jul-25 | 1030 | Germany | E4.5bln | Oct-30 Bobl | Re-open |
30-Jul-25 | 1000 | Italy | TBA 25-Jul | 5-year BTP | TBA 25-Jul |
30-Jul-25 | 1000 | Italy | TBA 25-Jul | 10-year BTP | TBA 25-Jul |
30-Jul-25 | 1000 | Italy | TBA 25-Jul | CCTeu | TBA 25-Jul |
01-Aug-25 | 1100 | Belgium | TBA 31-Jul | ORI Facility | TBA 31-Jul |
05-Aug-25 | 1000 | Austria | TBA 31-Jul | RAGB | TBA 31-Jul |
05-Aug-25 | 1030 | Germany | E4bln | Sep-27 Schatz | Re-open |
06-Aug-25 | 1030 | Germany | E1.5bln | 15-year Bund | |
07-Aug-25 | 0930 | Spain | TBA 1-Aug | Bono/Olbi | TBA 1-Aug |
07-Aug-25 | 0930 | Spain | TBA 1-Aug | ObliEi | TBA 1-Aug |
07-Aug-25 | 0950 | France | TBA 1-Aug | LT OATs | TBA 1-Aug |
12-Aug-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 6-Aug |
13-Aug-25 | 1000 | Italy | TBA 8-Aug | 3-year BTP | TBA 8-Aug |
13-Aug-25 | 1000 | Italy | TBA 8-Aug | 7-year BTP | TBA 8-Aug |
13-Aug-25 | 1000 | Italy | TBA 8-Aug | 15-50-year BTP | TBA 8-Aug |
13-Aug-25 | 1030 | Germany | E4.5bln | Aug-35 Bund | Re-open |
13-Aug-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 8-Aug |
18-Aug-25 | 1000 | Slovakia | TBA | SlovGB | Reserve |
19-Aug-25 | 1030 | Germany | E4.5bln | Oct-30 Bobl | Re-open |
20-Aug-25 | 1030 | Germany | E2.5bln | 30-year Bund | |
21-Aug-25 | 0930 | Spain | TBA 18-Aug | Bono/Olbi | TBA 15-Aug |
21-Aug-25 | 0950 | France | TBA 15-Aug | MT OATs | TBA 15-Aug |
21-Aug-25 | 1050 | France | TBA 14-Aug | IL OATs | TBA 14-Aug |
25-Aug-25 | 1100 | Belgium | TBA 22-Aug | Conventional auction | TBA 19-Aug |
26-Aug-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 20-Aug |
26-Aug-25 | 1000 | Italy | TBA 21-Aug | BTP Short Term | TBA 21-Aug |
26-Aug-25 | 1000 | Italy | TBA 21-Aug | BTPei | TBA 21-Aug |
27-Aug-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 22-Aug |
28-Aug-25 | 1000 | Italy | TBA 25-Aug | 5-year BTP | TBA 25-Aug |
28-Aug-25 | 1000 | Italy | TBA 25-Aug | 10-year BTP | TBA 25-Aug |
28-Aug-25 | 1000 | Italy | TBA 25-Aug | CCTeu | TBA 25-Aug |
28-Aug-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
02-Sep-25 | 1030 | Germany | E4bln | Sep-27 Schatz | Re-open |
03-Sep-25 | 1030 | Germany | E4.5bln | Aug-35 Bund | Re-open |
04-Sep-25 | 0930 | Spain | TBA 1-Sep | Bono/Olbi | TBA 29-Aug |
04-Sep-25 | 0930 | Spain | TBA 1-Sep | ObliEi | TBA 29-Aug |
04-Sep-25 | 0950 | France | TBA 29-Aug | LT OATs | TBA 29-Aug |
05-Sep-25 | 1100 | Belgium | TBA 4-Sep | ORI Facility | TBA 4-Sep |
09-Sep-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 3-Sep |
09-Sep-25 | 1000 | Austria | TBA 4-Sep | RAGB | TBA 4-Sep |
09-Sep-25 | 1030 | Germany | TBA | Green auction | |
10-Sep-25 | 1030 | Germany | E2bln | 15-year Bund | |
10-Sep-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 5-Sep |
11-Sep-25 | 1000 | Italy | TBA 8-Sep | 3-year BTP | TBA 8-Sep |
11-Sep-25 | 1000 | Italy | TBA 8-Sep | 7-year BTP | TBA 8-Sep |
11-Sep-25 | 1000 | Italy | TBA 8-Sep | 15-50-year BTP | TBA 8-Sep |
16-Sep-25 | 1000 | Slovakia | TBA | SlovGB | TBA 8-Sep |
16-Sep-25 | 1030 | Germany | E4.5bln | Oct-30 Bobl | Re-open |
17-Sep-25 | 1030 | Germany | E2.5bln | 30-year Bund | |
18-Sep-25 | 0930 | Spain | TBA 15-Sep | Bono/Olbi | TBA 12-Sep |
18-Sep-25 | 0950 | France | TBA 12-Sep | MT OATs | TBA 12-Sep |
18-Sep-25 | 1050 | France | TBA 12-Sep | IL OATs | TBA 12-Sep |
22-Sep-25 | 1100 | Belgium | TBA 19-Sep | Conventional auction | TBA 16-Sep |
23-Sep-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 17-Sep |
23-Sep-25 | 1030 | Germany | E4bln | Sep-27 Schatz | Re-open |
24-Sep-25 | 1000 | Italy | TBA 19-Sep | BTP Short Term | TBA 19-Sep |
24-Sep-25 | 1000 | Italy | TBA 19-Sep | BTPei | TBA 19-Sep |
24-Sep-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 19-Sep |
26-Sep-25 | 1000 | Italy | TBA 23-Sep | 5-year BTP | TBA 23-Sep |
26-Sep-25 | 1000 | Italy | TBA 23-Sep | 10-year BTP | TBA 23-Sep |
26-Sep-25 | 1000 | Italy | TBA 23-Sep | CCTeu | TBA 23-Sep |
01-Oct-25 | 1030 | Germany | E4.5bln | Aug-35 Bund | Re-open |
02-Oct-25 | 0930 | Spain | TBA 29-Sep | Bono/Olbi | TBA 26-Sep |
02-Oct-25 | 0930 | Spain | TBA 29-Sep | ObliEi | TBA 26-Sep |
02-Oct-25 | 0950 | France | TBA 26-Sep | LT OATs | TBA 26-Sep |
07-Oct-25 | 1000 | Austria | TBA 2-Oct | RAGB | TBA 2-Oct |
07-Oct-25 | 1030 | Germany | E4.5bln | Oct-30 Bobl | Re-open |
08-Oct-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 3-Oct |
14-Oct-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 8-Oct |
14-Oct-25 | 1000 | Italy | TBA 9-Oct | 3-year BTP | TBA 9-Oct |
14-Oct-25 | 1000 | Italy | TBA 9-Oct | 7-year BTP | TBA 9-Oct |
14-Oct-25 | 1000 | Italy | TBA 9-Oct | 15-50-year BTP | TBA 9-Oct |
14-Oct-25 | 1030 | Germany | E5bln | Dec-27 Schatz | New |
15-Oct-25 | 1030 | Germany | E2bln | 30-year Bund | |
16-Oct-25 | 0930 | Spain | TBA 13-Oct | Bono/Olbi | TBA 10-Oct |
16-Oct-25 | 0950 | France | TBA 10-Oct | MT OATs | TBA 10-Oct |
16-Oct-25 | 1050 | France | TBA 10-Oct | IL OATs | TBA 10-Oct |
20-Oct-25 | 1000 | Slovakia | TBA | SlovGB | TBA 13-Oct |
21-Oct-25 | 1030 | Germany | TBA | Green auction | |
22-Oct-25 | 1030 | Germany | E1.5bln | 15-year Bund | |
22-Oct-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 17-Oct |
27-Oct-25 | 1100 | Belgium | TBA 24-Oct | Conventional auction | TBA 21-Oct |
28-Oct-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 22-Oct |
28-Oct-25 | 1000 | Italy | TBA 23-Oct | BTP Short Term | TBA 23-Oct |
28-Oct-25 | 1000 | Italy | TBA 23-Oct | BTPei | TBA 23-Oct |
28-Oct-25 | 1030 | Germany | E4bln | Oct-30 Bobl | Re-open |
29-Oct-25 | 1030 | Germany | E4bln | Aug-35 Bund | Re-open |
30-Oct-25 | 1000 | Italy | TBA 27-Oct | 5-year BTP | TBA 27-Oct |
30-Oct-25 | 1000 | Italy | TBA 27-Oct | 10-year BTP | TBA 27-Oct |
30-Oct-25 | 1000 | Italy | TBA 27-Oct | CCTeu | TBA 27-Oct |
30-Oct-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
04-Nov-25 | 1000 | Austria | TBA 30-Oct | RAGB | TBA 30-Oct |
04-Nov-25 | 1030 | Germany | E4bln | Dec-27 Schatz | Re-open |
06-Nov-25 | 0930 | Spain | TBA 3-Nov | Bono/Olbi | TBA 31-Oct |
06-Nov-25 | 0930 | Spain | TBA 3-Nov | ObliEi | TBA 31-Oct |
06-Nov-25 | 0950 | France | TBA 31-Oct | LT OATs | TBA 31-Oct |
07-Nov-25 | 1100 | Belgium | TBA 6-Nov | ORI Facility | TBA 6-Nov |
11-Nov-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 5-Nov |
12-Nov-25 | 1030 | Germany | E2bln | 30-year Bund | |
12-Nov-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 7-Nov |
13-Nov-25 | 1000 | Italy | TBA 10-Nov | 3-year BTP | TBA 10-Nov |
13-Nov-25 | 1000 | Italy | TBA 10-Nov | 7-year BTP | TBA 10-Nov |
13-Nov-25 | 1000 | Italy | TBA 10-Nov | 15-50-year BTP | TBA 10-Nov |
18-Nov-25 | 1000 | Slovakia | TBA | SlovGB | TBA 10-Nov |
20-Nov-25 | 0930 | Spain | TBA 17-Nov | Bono/Olbi | TBA 14-Nov |
20-Nov-25 | 0950 | France | TBA 14-Nov | MT OATs | TBA 14-Nov |
20-Nov-25 | 1050 | France | TBA 14-Nov | IL OATs | TBA 14-Nov |
24-Nov-25 | 1100 | Belgium | TBA 21-Nov | Conventional auction | TBA 18-Nov |
25-Nov-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 19-Nov |
25-Nov-25 | 1000 | Italy | TBA 20-Nov | BTP Short Term | TBA 20-Nov |
25-Nov-25 | 1000 | Italy | TBA 20-Nov | BTPei | TBA 20-Nov |
25-Nov-25 | 1030 | Germany | E3.5bln | Oct-30 Bobl | Re-open |
26-Nov-25 | 1030 | Germany | E3bln | Aug-35 Bund | Re-open |
26-Nov-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 21-Nov |
27-Nov-25 | 1000 | Italy | TBA 24-Nov | 5-year BTP | TBA 24-Nov |
27-Nov-25 | 1000 | Italy | TBA 24-Nov | 10-year BTP | TBA 24-Nov |
27-Nov-25 | 1000 | Italy | TBA 24-Nov | CCTeu | TBA 24-Nov |
27-Nov-25 | 1100 | Finland | Up to E0.4bln | ORI Facility | ORI Facility |
02-Dec-25 | 1030 | Germany | E3.5bln | Dec-27 Schatz | Re-open |
04-Dec-25 | 0930 | Spain | TBA 1-Dec | Bono/Olbi | TBA 28-Nov |
04-Dec-25 | 0930 | Spain | TBA 1-Dec | ObliEi | TBA 28-Nov |
04-Dec-25 | 0950 | France | TBA 28-Nov | Nominal / IL OATs | TBA 28-Nov |
09-Dec-25 | 0900 | Netherlands | TBA | Potential DSL auction | TBA 3-Dec |
09-Dec-25 | 1000 | Austria | TBA 4-Dec | RAGB | TBA 4-Dec |
10-Dec-25 | 1030 | Portugal | TBA | Potential OT auction | TBA 5-Dec |
11-Dec-25 | 0930 | Spain | TBA 8-Dec | Bono/Olbi | TBA 5-Dec |
11-Dec-25 | 1000 | Italy | TBA 5-Dec | 3-year BTP | TBA 5-Dec |
11-Dec-25 | 1000 | Italy | TBA 5-Dec | 7-year BTP | TBA 5-Dec |
11-Dec-25 | 1000 | Italy | TBA 5-Dec | 15-50-year BTP | TBA 5-Dec |
15-Dec-25 | 1000 | Slovakia | TBA | SlovGB | Reserve |
19-Dec-25 | 1100 | Belgium | TBA 18-Dec | ORI Facility | TBA 18-Dec |
29-Dec-25 | 1000 | Italy | TBA 22-Dec | BTP Short Term | TBA 22-Dec |
30-Dec-25 | 1000 | Italy | TBA 23-Dec | 5-year BTP | TBA 23-Dec |
30-Dec-25 | 1000 | Italy | TBA 23-Dec | 10-year BTP | TBA 23-Dec |
30-Dec-25 | 1000 | Italy | TBA 23-Dec | CCTeu | TBA 23-Dec |
- Cancelled auctions:
- Italy has announced it will not make use of its auctions previously scheduled for December 30/31.
- Austria looks to hold 3 syndication in 2025.
- Belgium looks to issues up to three new OLOs in 2025: a new 5-year, 10-year and long-term (e.g. 30-year).
- Finland:New benchmarks in 2025 to be launched via syndication: 10-year, 20-year and either 7-year or 15-year. First expected in Q1 (we expect the other two in Q2 and Q3).
- Finland will release its next Debt Management Quarterly Review and Q2-25 funding calendar on 31 March.
- France: New issues expected via auction: One 3-year, one 5/6-year, two new 10-year OATs. “Prospect of" a new 15-20 year OAT via syndication. “Prospect, depending on demand and up to the limit of eligible green expenditures, of a syndicated tap" of the 3.00% Jun-49 Green OAT. “Prospect of" new 30-year OAT. "Consider, depending on market demand" a syndicated launch of a new OATei (no maturity given).
- Germany: 2 syndications in 2025 including the launch of a new 30-year Bund
- Italy: New bonds to be issued in Q1-25: BTP Short Term maturing 25 February 2027 (minimum outstanding to be E9bln). We look for a January launch, 5-year BTP maturing 1 July 2030 (minimum outstanding to be E10bln). We look for a February / March launch. 10-year BTP maturing 1 August 2035 (minimum outstanding to be E10bln). We look for a January launch (possibly via syndication).
- Italy: Reopenings in Q1-25: 3-year 2.70% Oct-27 BTP (minimum outstanding E9bln), 5-year 3.00% Oct-29 BTP (minimum outstanding E10bln already exceeded), 7-year 3.15% Nov-31 BTP (minimum outstanding E10bln already exceeded).
- Ireland "intends to conduct at least one syndicated bond deal in 2025."
- The Netherlands looks to issue a new 10-year 2035 DSL (via DDA for E5bln in Feb/Mar and then reopened for a further E7bln) and a new 15+ year DSL (to be launched via DDA for E5bln, time TBC).
- The Netherlands will confirm two further existing DSL auctions and the timing of the 10-year DDA in due course.
- Portugal expects to hold 3 syndications in 2025.
- Slovakia plans three new SlovGBs in 2025: a new 4-year SlovGB via auction on 2 June 2025 (maturing 4 June 2029). Final issue size will be E3.0bln. Also a 12-year SlovGB (final issue size E5.0bln) and a 15+ year SlovGB (final issue size E5.0bln).
- Spain dates are estimated (the 2025 calendar is not published yet).
- The BOE will announce its Q2-25 APF sales schedule on 21 March at 16:30GMT.
- The UK plans to hold a 10-year gilt syndication in February and to launch a new 20-25 year linker via syndication in March.
- The UK DMO will release a proposed calendar for the first 3 weeks of the next fiscal year at 7:30GMT on 12 March - with views from market participants sought until midday 13 March and the calendar for 31 March - 18 April then being confirmed on Friday 14 March at 7:30GMT.
- The UK DMO is expected to announce its FY24/25 gilt remit on Wednesday 26 March alongside Chancellor Reeves delivering the OBR's EFO update.
- The UK DMO will hold a consultation with GEMMs and investors to discuss FQ1-25 (Apr-Jun) issuance on 31 March 2025. The agenda for this meeting will be published on Wednesday 26 March at 15:30GMT. The DMO will announce its April to June issuance operations schedule at 7:30GMT on Friday 4 April.
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