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Issuance has been..........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Issuance has been completed for the week, with the
Netherlands, France, Spain and the ESM selling an estimated E13.1bln, vs
E20.3bln last week.
- RECAP: On Monday, the Netherlands sold E1.91bln of 3-month Jan 31, 2019 DTC,
and E1.45bln of 6-month Mar 29, 2019 DTC. Also Monday, France sold 3-month Jan
9, 2019 bills for E2.796bln, 6-month Mar 13, 2019 bills for between E1.198bln,
and new 12-month Oct 9, 2019 bills for E1.098bln. On Tuesday, Spain sold
E0.278bln of 3-month Jan 18, 2019 Letra, and E2.390bln of 9-month Jul 12, 2019
Letra. Also on Tuesday, the ESM sold new 6-month Apr 18, 2019 bills for
E1.9984bln.
- CASH FLOWS: With E8.2bln in redemptions due this week (France and ESM), cash
flow will come in at positive E4.9bln, versus cash flow negative E7.2bln last
week.

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