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Free AccessItaly, Germany and Portugal.......>
EUROZONE ISSUANCE: Italy, Germany and Portugal come to the Eurozone sovereign
bond issuance market Wednesday. Total issuance is estimated around E11.9bln
compared to E17.4bn last week.
- ISSUANCE: Italy taps the 0.05% Apr-21 BTP for E1.5-E2.0bn, 1.45% May-25 BTP
for E1.75-E2.25bn and the 3.25% Sep-46 BTP and 3.45% Mar-48 BTP for E1.0-E1.5bn.
Germany will re-open the 0.50% Feb-28 Bund for E2.0bn. Finally Portugal target
E0.75-E1.0bln with two issues: the 4.95% Oct-23 PGB and 2.125% Oct-28 PGB.
- RECAP: On Tuesday the Netherlands tapped 0.0% Jan-24 DSL for E2.15bln and
Finland tapped 1.125% Apr-34 RFGB for E986mln
- CASH FLOWS: There are sizeable redemptions from Germany and Portugal at
E14.0bn and E6.6bln, respectively. There is also a E1.2bln Portuguese coupon
payment.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.