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Germany, France, Italy,....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France, Italy, the Netherlands and Slovakia
issue T-bills this week. We estimate supply of E30.5bn compared to E21.2bn last
week.
- ISSUANCE: On Monday Slovakia will sell May 5, 2021 bills. Germany will tap
6-month and 12-month bubills for a combined E8bn. The Netherlands will then sell
a combination of 3-/9-/12-month DTCs for E3.5-6.5bn. Later in the day France
will sell 3-/6-/12-month BTFs for a combined E8.4-10.0bn. Italy will cap the
week with a sale of BOTs on Wednesday with details TBA
- CASH FLOWS: E8.6bln of redemptions will leave cash flows at E21.9bln for the
week.
** For further details please see MNI Eurozone T-Bill Calendar

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