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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.
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Free AccessGermany, Italy, Belgium,..........>
EUROZONE ISSUANCE: Germany, Italy, Belgium, Portugal, Finland, Slovakia and the
ESM will issue bonds this week. We estimate supply (inc syndications) of
E25.4bln compared to E22.6bn last week.
- ISSUANCE: Slovakia will be the first to issue with a tap of the 1.00% Jun 28,
3.625% Jan-29, 0.75% Apr-30 and 1.625% Jan-31 bonds on Monday with target
volumes yet to be announced. On the same same Belgium will re-open the 0.90%
Jun-29 OLO, 1.25% Apr-33 OLO and 2.15% Jun-66 OLO for E1.5-3.0bn. Germany will
auction the 0% Mar-22 Schatz for E5bn on Tuesday. Finland will come to market on
Wednesday to sell the 0.5% Sep-29 bond for E1.0bn. Portugal will then follow
with a sale of the 2.875% Jul-26 OT and the 3.875% Feb-30 OT for a combined
E0.75-1.00bn. Italy will conclude issuance for the week with a sale of CTZ/BTPei
with details yet to be announced.
- CASH FLOWS: There will be E25.9bln in redemptions and E1.5bln in cash flows
will leave net cash flows at E-1.9bln for the week.
** For further details please see MNI Eurozone Issuance Profile & Cash Flow
Matrix: https://emedia.marketnews.com/CFM200420msnp.pdf
To read the full story
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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.