Free Trial

Germany, Italy, Belgium and the...>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Germany, Italy, Belgium and the Netherlands will issue EGBs
this week. We estimate supply (excl potential syndications) of E14.9bn compared
to E26.8bn last week.
- ISSUANCE: Belgium will get the ball rolling with a tap of E1.5-3.0bn on Monday
across the 0.50% Oct-24 OLO, 0.10% Jun-30 OLO and the 2.25% Jun-57 OLO. On
Tuesday the Netherlands will sell the 0.50% Jan-40 DSL for E1.0-1.5bn. Germany
will then follow with a E5bn re-opening of the 0% Jun-22 Schatz. Italy will
conclude issuance for the week with an auction of CTZ/BTPei on Thursday with
issue details and target volumes TBA.
- CASHFLOWS: There will be no redemptions and E3.7bln in coupon payments which
will leave net cash flows at E11.2bnbn for the week. 
** For further details please see MNI Eurozone Issuance Profile & Cash Flow
Matrix: https://emedia.marketnews.com/CFM220620vghj.pdf

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.