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Italy comes to the.........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Italy comes to the Eurozone sovereign T-bill issuance
Wednesday with launch of a new 6-month Mar 30, 2018 BOT for E6.0bln. Issuance is
now estimated to total E11.4bln compared to E14.391bln last week.
- RECAP: To recap issuance so far this week, on Monday afternoon France issued
new 3-month BTF for E2.994bln, tapped 6-month BTF for E1.495bln and 12-month BTF
for E897mln.
- REINVESTMENT FLOWS: T-bill redemptions this week are due from France E6.01bln,
Germany E1.5bln, Italy E6.5bln and the Netherlands E4.07bln turning net cash
flow negative to the tune of E6.68bln vs +E4.03bln last week.
** For full details of forthcoming issues, please see Eurozone T-bill auction
calendar

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