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EGB FUNDING UPDATE: Finland 2025 Funding Plan

EGB FUNDING UPDATE
EurozoneBulletMarketsFixed Income Bullets
  • Net borrowing requirement E12.445bln (initial E12.88bln in 2024, realised E12.579bln)
  • Gross borrowing requirement E41.900bln (initial E43.04bln in 2024, realised E42.832bln)
  • "Approximately 55% of the next year’s gross funding will be funded with long-term maturities, the rest with Treasury bills."
  • 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).
  • 2 RFGB auctions (plus one syndication) to be held in Q1 (18 Feb, 18 Mar) for E1.0-1.5bln each.
  • 6 ORI operations to be held across 2025.
  • 3 RFTB auctions to be held in Q1 (7 Jan, 11 Feb, 11 Mar).
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  • Net borrowing requirement E12.445bln (initial E12.88bln in 2024, realised E12.579bln)
  • Gross borrowing requirement E41.900bln (initial E43.04bln in 2024, realised E42.832bln)
  • "Approximately 55% of the next year’s gross funding will be funded with long-term maturities, the rest with Treasury bills."
  • 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).
  • 2 RFGB auctions (plus one syndication) to be held in Q1 (18 Feb, 18 Mar) for E1.0-1.5bln each.
  • 6 ORI operations to be held across 2025.
  • 3 RFTB auctions to be held in Q1 (7 Jan, 11 Feb, 11 Mar).