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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Ireland comes to the Eurozone T-bill issuance market
Thursday with with launch of a new 12-month Jun 17, 2019 T-bill for E500mln.
Issuance is now estimated to be E23bln versus E12.6bln issued last week.
- RECAP: To recap issuance so far this week, Germany issued new 6-month DTC for
E3bln. In the afternoon France allotted E2.995bln tap of a 3-month BTF, E997mln
of a new 6-month BTF and E798mln tap of a 12-month BTF. on Tuesday Spain
allotted E930mln in tap of  6-month Letras and E4.545bln in new 12-month Letras.
Italy sold E6bln news 12-month BOTs and Belgium allotted E1.21bln in tap of
3-month TCs and E1.182bln in new 12-month TCs. On Wednesday Greece issued new
52-week T-bill for E812.5mln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E8,24bln,
Italy E6.5bln, Spain E7.756bln and Belgium E2.003bln turning net cash flow
negative to the tune of E1.53bln vs -E1.2bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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