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Germany comes to the Eurozone.....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany comes to the Eurozone sovereign bond issuance market
Wednesday with tap of its 10-yr benchmark 0.50% Feb 2028 Bund for up to E3bln.
-- Issuance is estimated to come in at E15.5bln vs E17.25bln sold last week.
- ISSUANCE: Still to come this week, on Thursday Spain taps 5-year 0.45% Oct
2022 Bono, 10-year 1.40% Apr 2028 SPGB and 15-year 2.35% July 2033 SPGB for
between E4bln-E5bln. France taps 0.00% Feb 2021 OAT, 0.00% Mar 2023 OAT, 1.75%
Nov 2024 OAT for between E6bln-E7bln and linker issues 0.10% Mar 2021 OATei,
0.25% July 2024 OATei, 0.10% Mar 2028 OATi for between E1.25bln-E1.75bln.
- CASH FLOWS: Coupon payments due from Greece E0.1bln, Italy E0.3bln, Austria
E0.3bln, Ireland E0.5bln, Germany E0.5bln, Finland E0.7bln, Portugal E1.2bln;
Redemptions are due from Germany E15bln, Italy E11.9bln, Netherlands E12bln --
equates to net cash flow negative to the tune of E27.3bln.

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