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Finland Q2 funding plan

EUROZONE ISSUANCE

Finland has announced earlier this morning that it expects to complete 60% of its annual long-term funding by the end of Q2. In Q1 it issued E5.0bln of E17.5bln of the RFGB funding target for 2022, so this implies around E5.5bln is expected to be raised in Q2.

  • Finland has announced that it expects to launch its new 10-year RFGB during Q2. In line with previous syndications we would expect this to have a size of E3.0bln.
  • In addition, Finland plans to hold three auctions on 19 April, 17 May and 15 June. E1.0-1.5bln is expected to be on offer at each. We would expect based on the current funding plans for the auctions amounts to be at the lower end of the target ranges.
  • Finland will hold T-bill auctions on 11 April, 10 May and 7 June with E1-2bln of RFTBs on offer at each operation.

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