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Germany, France and........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France and Italy came to the market this week
to issue T-bills. Total supply came to E12.1bln, little changed from the
E11.9bln issued last week.
- RECAP: Germany allotted E1.165bln of the 11-Dec 2019 Bubill on Monday. On the
same day France sold E4.385bln of 3-/5-/12-month BTFs. Italy concluded issuance
for the week with a E6.5bln sale of 6-month BOTs on Thursday.
- CASH FLOWS: There will be E4.875bln of redemptions, which will leave net cash
flows at E7.2bln for the week. ** For further details please see MNI Eurozone
T-Bill Calendar.

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