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Greece comes to the........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Greece comes to the Eurozone T-bill issuance market
Wednesday with issue of a new 13-week May 11, 2018 T-bill for E875mln. Issuance
is now estimated to total E12.3bln versus E14bln issued last week.
- RECAP: To recap issuance so far this week, on Monday the Netherlands issued
new 6-month DTC for E1.46bln. In the afternoon France allotted E3.293bln in tap
of a 3-month BTF, E1.495bln tap of a 6-month BTF and E1.294bln of a new 12-month
BTF. On Tuesday Belgium allotted E500mln in 4-month BTC and E1.26bln in 12-month
BTC. The ESM then issued new 3-month Bill for E1.996bln
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France
E6.063bln, Belgium E2.984bln, ESM E1.498bln and Greece E1.4bln, turning net cash
flow positive to the tune of E350mln vs -E5.7bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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