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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Germany, France, the Netherlands and the ESM issued
T-Bills this week. Total supply came to E21.2bn compared to E30.4bn last week.
- RECAP: Germany kicked off issuance for the week with a sale of 6- and
12-month bubills on Monday with E3.95bn allotted. The Netherlands then sold 3-
and 9- month DTCs for a combined E3.39bn. France concluded Monday's issuance
with a sale of 3-/6-/12-month BTFs for E8.8bn. The ESM sold 6-month bills for
E1.993bn on Tuesday, which concluded the auctions for the week.
- CASH FLOWS: E10.0bn of redemptions will leave net cash flows at E11.2bn for
the week.
** For further details please see MNI Eurozone T-Bill Calendar.

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