Free Trial

MNI EGB Issuance, Redemption and Cash Flow Matrix - W/C Nov 16

Germany, France, Spain and Slovakia will issue government bonds in the W/C 16 Nov 2020. We estimate supply of E30.5bn compared to E23.3bn the previous week.


ISSUANCE:

  • Slovakia will be the first up on Monday with a sale of the 1.00% Jun-28 SlovGB, 1.00% Oct-30 SlovGB, 1.00% May-32 SlovGB and the 2.00% Oct-47 SlovGB for a combined E0.5bn.
  • On Tuesday Germany will offer E5.0bn of the 0% Dec-22 Schatz.
  • Spain will come to market on Thursday to sell the 0% Jan-26 Bono and the 0.80% Jul-27 Obli with target volumes TBA.
  • France will then sell the 1.75% May-23 OAT, 0% Feb-26 OAT and the 2.75% Oct-27 OAT for E7.5-8.5bn, as well as the 0.10% Mar-26 OATEi, 0.10% Mar-36 OATi and the 0.10% Jul-36 OATEi for E1.0-1.5bn.

CASH FLOWS:

  • E0.9bn in coupon payments will leave cash flows at E29.6bn for the week.
** For further details please see: Eurozone Issuance Profile and Cash Flow Matrix:

cfm161120.pdf

To read the full story

Close

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.