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Germany and Italy will come to the.........>

ISSUANCE
ISSUANCE: Germany and Italy will come to the market next week.
- ISSUANCE: Italy will kick off issuance next week with a tap of the Mar-20 CTZ
for E1.25-1.75bn on Tuesday. Next up, Germany will reopen the Oct-23 Bobl and
looks to issue E3.0bln. Finally, Italy will sell medium/long-term BTPs with
issue details being announced on Monday. Following the dry spell in August the
calendar is starting to fill up again with multiple issues planned for the week
beginning September 3.
- CASH FLOWS: There are no redemptions next week, but there are E6.7bn in coupon
payments.
** For full detail 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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