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Germany comes to the Eurozone.....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany comes to the Eurozone sovereign bond issuance market
Wednesday with launch of a new Oct-23 Bobl for E4.0bln. Overall issuance is
estimated to come in at E11bln vs E17.65bln last week.
- ISSUANCE: Still to come this week on Thursday, Italy concludes EGB issuance
for the week with tap of Mar 30, 2020 CTZ for E1.5-E2.0bln and 1.30% May-28
BTPei for E0.75-E1.25bln.
- RECAP: Belgium kicked off issuance on Monday, allotting E705mln 0.50% Oct-24,
E1.112bln OLO, 0.80% Jun-28 OLO, E1.171bln 1.45% Jun-37 OLO, and E618mln 2.15%
Jun-66 OLO.
- CASH FLOWS: There are redemptions of E9.2bln and coupons of E3.0bln this week
(almost entirely from France), leaving cash flow negative by E1bln, slightly
less negative compared with -E4.8bln last week. 
** 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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