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Seven countries will.......>

EUROZONE T-BILL ISSUANCE: Seven countries will sell bills this week for an
estimated total of E18.2bln, versus E14.7bln in sales 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.
- ISSUANCE: On Tuesday, Spain re-opens 3-month Jul 12, 2019 Letra and 9-month
Jan 17, 2020 Letra for a combined E1-2bln. Later Tuesday, Slovenia sells a total
of E0.13bln in bills: re-opened 3-month Jul 11, 2019 bill, re-opened 6-month Oct
10, 2019 bill, and new 18-month Oct 8, 2020 bill. Also Tuesday, Belgium sells
between E1.4-1.8bln in re-opened TCs: 3-month Jul 11, 2019 TC, and 12-month Mar
12, 2020 TC. On Wednesday, Italy sells 12-month Apr 14, 2020 BOT for E6bln. Also
Wednesday, Greece sells E0.625bln of new 3-month Jul 12, 2019 bills.
- CASH FLOW: E17.8bln of redemptions (Germany, France and Italy) will leave cash
flow at positive E0.3bln this week, versus positive E3.7bln last week.
** For full details, please see MNI Eurozone T-Bill auction calendar

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