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EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: It will be a relatively quieter week for Eurozone
T-bill issuance with just Germany, France and Greece scheduled to tap the
market. We estimate supply of E12.8bn compared to E27.0bln last week.
- RECAP: Germany was be the first to issue with a sale of 12-month Bubills
for E3.68bn on Monday. France then sold 3-/6-/12-month BTFs for E8.08bn.
- ISSUANCE: Greece will conclude issuance for the week with an auction of
6-month bills for E0.625bn on Wednesday.
- CASH FLOWS: E13.4bn of redemptions will leave net cash flow at E-0.58bn for
the week.
** For further details please see MNI Eurozone T-Bill Calendar.

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