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France and Spain are yet to.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: France and Spain are yet to come to market this week, which
will see an estimated total E14.7bln in supply.
- RECAP: Austria kicked off issuance on Tuesday, selling RAGB 0.00% Jul-23 and
the RAGB 0.75% Feb-28 for a combined E1.15bln (incl E150mn retained). 
- ISSUANCE: On Thursday France will tap the 0.75% Nov-28 OAT, the 1.25% May-34
OAT and the 2.00% May-48 OAT for a combined E8.0-9.0bln. Also on Thursday, Spain
will sell new 0.05% Oct-21 Bono, re-open 1.40% Jul-28 Obli, re-open 6.00% Jan-29
Obli - for a total of between E4.0-5.0bln - and re-open 0.15% Nov-23 BonoEi
linker for between E0.25-0.75bln.
- EXCHANGE: Italy today offers 4.75% Sep-28 BTP (up to E2.5bln), accepting 4.25%
Feb-19 BTP, 0.20% Oct-20 BTP, 0.65% Nov-20 BTP, and 3.75% May-21 BTP.
- CASH FLOWS: There are just E0.1bln in coupon payments expected the week
beginning 1 October so cash flow returning to market is minimal.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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