Free Trial

Germany, France Spain, Austria....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany, France Spain, Austria and Slovakia issued EGBs this
week with total supply of E36.5bn (including Syndications & an Italian 'tap
issuance')compared to E11.2bln last week.
- RECAP: Austria was the first to auction this week with a tap of the
0.00% Feb-30 RAGB and the 0.75% Mar-51 RAGB for a combined E1.15bn on Tuesday.
On the same day Germany allotted a combined E448mn of the 0.50% Apr-30 iBund and
the 0.10% Apr-46 iBund. Germany returned on Wednesday to sell the 0% Apr-25 Bobl
with E3.2bn allotted, as well as placing E7.5bn of the 0% May-35 bond through
syndication. On the same day Slovakia syndicated a 5yr and 12yr issue for E2bn
each. Spain tapped the 0.0% Apr-23 Bono, 0.0% Jan-25 Bono, 0.80% Jul-27 Obli,
0.70% Nov-33 ObliEi and the 1.00% Oct-50 Obli for E7.1bn on Thursday. France
then concluded for the week with sales of the 0.75% May-28 OAT, 0.0% Nov-29 OAT,
0.75% May-52 OAT and the 4.00% Apr-60 OAT for E11.1bn.
- CASH FLOWS: There are E0.2bn in coupon payments which will leave net cash flow
at E35.3bln for the week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.