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BoK To Reduce 2-Year MSB Issuance

France, Belgium and........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: France, Belgium and Greece came to market to sell
T-bills this week with issuance of E6.4bln compared to E12.1bln last week.
- RECAP: France was the first and largest issuer with a sales of 3-/6-/12-month
BTFs on Monday for a combined E4.7bln. Belgium came to market on Tuesday with a
sale of 3-month bills for E0.875bln. Greece concluded the week's auctions with a
E0.8125bln tap of 6-month bills.
- CASH FLOWS: Redemptions for the week will total E13.6bln, which will leave net
cash flows at negative E7.2bln.
** For further details please see MNI Eurozone T-Bill Calendar.
MNI London Bureau | +44 0203-865-3808 | bruce.jeffery@marketnews.com