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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France, Italy, the Netherlands and Greece
will issue bills this week. We estimate supply of E21.5bn compared to E21.2bn
last week.
- ISSUANCE: Germany will kick off issuance for the week with a sale of 12-month
bubills for E4bn on Monday. The Netherlands will follow with a sale of 6- and
12-month DTCs for a combined E2-4bn. France will conclude Monday's issuance with
a sale of 3-/6-/12-month BTFs for a combined E6.2-7.4bn. Italy will sell BOTs on
Wednesday with details TBA. Greece will then conclude issuance for the week with
a a sale of 6-month bills for E625mn.
- CASH FLOWS: There will be E18.7bn in redemptions which will leave net cash
flows at E2.8bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar

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