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MNI: ISSUANCE (2): Bubills will be issued every......>

MNI: ISSUANCE (2): Bubills will be issued every month in 2020. All new issues
will have an original maturity of 6 months and will be re-opened once or twice.
The final outstanding volume of each will be E4.5bln or E6.5bln.
- Linkers will be offered on a monthly basis with total volume of E6-8bln
through 2020, except in August and December. A new inflation-linked Federal bond
is scheduled to be issued in 2020.
- The government's green issuance programme will take the form of green twin
bonds: issuing both a conventional and a green security with the same maturity
and coupon. Green twin bonds will replace part of the auctions volume of the
conventional twin bond.

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