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RESEND: Next week will see an.....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: RESEND: Next week will see an estimated E20.3bln in eurozone
bond issuance Vs E22.6bln this week. Slovakia, Germany, France and Italy are all
expected to come to market. 
- ISSUANCE: Weekly bond issuance kicks off on Monday morning with Slovakia
coming to market for E0.2bln selling the 1.0% Jun-28 and 2.0% Oct-47 SGBs. 
Wednesday sees the turn of Germany when they tap the market for E4.0bln selling
the new 0.00% Arp-24 Bobl. On 
Thursday France will auction four nominal bonds for a combined E8.0-9.0bln and
three linker bond for a total of E1.0-1.5bln. 
Italy wrap up the issuance on Friday, auction details are released on Tuesday. 
- CASH FLOW: Next week sees E0.1bln worth cash flows returning to market
(E00.0bln in redemptions, E0.1bln in coupons). This leaves a net cash flow of
positive E20.2bln next week, versus negative E5.5bln this week. 
** For full details, please see MNI Eurozone bond auction calendar: 
* Cash Flow Matrix & Issuance Profile:
http://marketnews-m.objects.xtenit.com/CFM210119.pdf 

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