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France & Spain come to the bond...>

EUROZONE ISSUANCE
MNI (London)
EUROZONE ISSUANCE: France & Spain come to the bond market on Thursday for up
E14.25bln. Overall, sovereign bond issuance in the Eurozone this week is
estimated to come in at E17.25bln compared to E16.4bln last week. 
- RE-CAP: So far, Germany sold 5-year benchmark Obl 0% Apr-23 for E3bln on
Wednesday. 
- ISSUANCE: On Thursday, Spain sells SPGB 0.05% Jan-21, 1.4% Apr-28 and 2.7%
Oct-28 in nominals for between E4bln-E5bln. Spain also sells SPGBei 0.65% Nov-27
for an estimated size of between E250mln-E750mln. Also Thursday France sells
long term debt that includes tap of OAT 0.75% May-2028, 1.25% May-2034, 1.75%
June-2039 and 2.00% May-2048 for between E7.5bln-E8.5bln.
- CASH FLOWS: There are no redemptions until a glut on/after Apr 13th. Coupon
payments are E0.1bln this week. Net issuance is estimated at E17.2bln. 
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/h7trj4x

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