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Portugal Q3 issuance

EUROZONE ISSUANCE
  • Net financing needs have been decreased E1.8bln.
  • New OT issuance is now expected to be E14.2bln in 2023 (down E1.0bln versus the Q2 estimate).
  • Auction sizes for Q3 will be E1.00-1.25bln.
  • Net BT issuance is now expected at negative E0.8bln in 2023 (from net flat in the Q2 estimate).
  • BT auctions will be held with 6/12-month maturities on 19 July (E1.00-1.25bln) and 20 September (E1.25-1.50bln).

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