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Italy and Greece are yet...>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Italy and Greece are yet to sell bills this week,
which will see supply of E11.7bln expected compared to E14.2bln last week.
- RECAP: France sold a combined E4.8bln on Monday of the 3-month Nov 27, 2019
BTF (E2.5bln), 6-month Jan 15, 2020 (E0.8bln), 9-month Apr 22, 2020 BTF (0.4bln)
and the 12-month Aug 12, 2020 BTF (1.1bln).
- ISSUANCE: Italy will come to market on Wednesday to issue E6bln of 6-month Feb
28, 2020 BOTs. Greece looks to raise E0.875bln through the issue of new 6-month
Feb 28, 2020 bills.
- CASH FLOWS: There are E16.8bln in redemptions this week with the largest being
Italy (E6.0bln), France (E4.0bln) and the Netherlands (E4.0bln). This will leave
cash flow at negative E3.7bln.
** For full details please see MNI Eurozone T-Bill auction calendar

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