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NEW: MNI January 2021 Eurozone Issuance Roundup

This is an exclusive preview of MNI's new Issuance product that will be launched in Q2-2021. All feedback is welcome. If you would be interested in signing up to a trial, please contact your account manager or sales@marketnews.com

This document includes country-by-country commentary of issuance in January 2021, a summary of issuance plans for 2021 for each country, auction calendars for the year and schedules of coupon and redemption payments for 2021.

  • A total of E166.9bln of EGB and EU issuance took place in January 2021 (E161.5bln nominal). This is an increase of 33% over the E125.7bln of cash raised in January 2020.
  • 35% of this additional issuance can be attributed to the EU which has raised E14.6bln in cash terms (E14.0bln in nominal terms) through its SURE programme.
  • Germany accounted for around 19% of the total increase in issuance, having increased issuance by E7.9bln compared to January 2020.
  • Italy also increased issuance by E5.6bln compared to January 2020 (accounting for 13% of the increase).
  • A number of other countries also saw large increases in issuance relative to January 2020.
  • Only Portugal has a lower amount of issuance in January 2021 relative to January 2020.
  • See page 2 for country-by-country commentary of each country's issuance in January 2021 relative to January 2020 as well as highlights of each country's issuance plans for 2021 as a whole.
  • See page 8 for an overview of the 2021 calendar year in comparison to 2020.
  • See page 9 for bond and T-bill auction calendars for 2021.
  • See page 17 for a schedule of coupons and redemptions by country for 2021.
For the full document see the link below:

MNI_EZ_Issuance_Jan2021_Premium.pdf

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