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Seven countries sold an....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: Seven countries sold an estimated total of E17.8bln in
bills this week, versus E14.7bln last week.
- RECAP: Monday saw Germany sell new 6-month Oct 16, 2019 Bubill for E3bln.
Later Monday, France sold E4.8bln in BTF, including: E2.6bln of new 3-month Jul
10, 2019 BTF, E0.4bln of 4-month Aug 14, 2019 BTF, E0.9bln of 6-month Aug 28,
2019 BTF, and E1bln of 12-month Mar 25, 2020 BTF.
- On Tuesday, Spain sold E1.3bln in 3-month Jul 12, 2019 Letra (E0.3bln) and
9-month Jan 17, 2020 Letra (E1.0bln). Also Tuesday, Belgium sold E1.7bln in in
re-opened TCs: 3-month Jul 11, 2019 TC (E0.6bln), and 12-month Mar 12, 2020 TC
(E1.1bln). Later Tuesday, Slovenia sold a total of E0.17bln in bills: 3-month
Jul 11, 2019 bill (E50mln), 6-month Oct 10, 2019 bill (E57mln), and new 18-month
Oct 8, 2020 bill (E63mln). On Wednesday, Italy sold E6.5bln of 12-month Apr 14,
2020 BOT. Also Wednesday, Greece sold E0.81bln of 3-month Jul 12, 2019 bills.
- CASH FLOW: E17.8bln of redemptions (Germany, France and Italy) leaves cash
flow neutral this week, versus positive E3.7bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar

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