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RESEND: France and.........>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: RESEND: France and Belgium will come to market next
week with E5.1-6.3bln in supply.
- SUPPLY: France will kick start the week with auctions of the 3-month 9 Jan,
2019 BTF for E2.4-2.8bln, the 6-month 13 March, 2019 BTF for E0.7-1.1bln and the
12-month 11 September, 2019 BTF for E0.5-0.9bln on Monday. Belgium will then
re-open the 3-month Jan 10, 2019 T Bill for an estimated E1.5bln on Tuesday.
- REINVESTMENT FLOWS: Redemptions from France (E6.74bln), Greece (E1.4bln), and
the ESM (E1.99bln) will leave cash flows negative to the tune of E3.7bln.
** For full details of forthcoming issues, see Eurozone T-Bill auction calendar.

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