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Germany comes to the Eurozone.....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany comes to the Eurozone sovereign bond issuance market
Wednesday with a re-opening of its 10-yr benchmark 0.25% Aug-28 Bund for
E3.0bln. Overall issuance is expected to be E21.5bn this week.
- ISSUANCE: Still to come this week, France tap 5.50% Apr-29 OAT, 1.50% May-31
OAT and 1.25% May-36 OAT for between E5.5-E6.5bln on Thursday. Spain will finish
off the week with taps of the 0.05% Jan-21 Bono, 0.35% Jul-23 Bono, 1.40% Jul-28
Obli for an indicative amount of between E3.5-E4.5bln and tap 1.00% Nov-30
Bonoei for between E250-E750mln.
- RECAP: On Monday Italy tapped 0.95% Mar-23 BTP for E2bln, launched new 10-yr
2.80% Dec-28 BTP for E4bln and tapped Sep-25 CCTeu for E1.5bln - CASH FLOWS:
There are redemptions of E44.79bn this week and E11.03bn of coupon payments,
with net cash flows of -E34.3bn.
** For full details please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/y94qxdzd, and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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