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GERMANY, FRANCE, ITALY, THE NETHERLANDS & GREECE WILL ISSUE T-BILLS THIS WEEK

EUROZONE T-BILL ISSUANCE
We estimate supply of E21.5bn compared to E21.2bn last week.
  • RECAP: Germany allotted E3.58bn of 12-month bubills on Monday. The
    Netherlands sold 6- and 12-month DTCs for a combined E3.3bn. France
    concluded Monday's issuance with an auction of 3-/6-/12-month BTFs for
    E7.39bn.
  • ISSUANCE: Italy will sell 6-month BOTs for E7bn n Wednesday. Greece will
    then conclude issuance for the week with 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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