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Slovakia, Germany, Finland,.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: Slovakia, Germany, Finland, Spain, and France tap markets
next week for a combined total of E20.2bln, versus E13.1bln auctioned this week.
- ISSUANCE: Slovakia's Ardal kicks off issuance Monday, selling E0.1bln of
1.875% Mar-37 SLOVGB, and  E0.1bln of 1.00% Jun-28 SLOVGB. On Tuesday, Germany
re-opens 0.00% Sep-20 Schatz for E4.0bln. Later Tuesday, Finland re-opens 0.50%
Sep-28 RFGB for E1.0bln. Germany returns to market Wednesday, re-opening 2.50%
Jul-44 Bund for E1.5bln. Thursday sees Spain sell 0.35% Jul-23 Bono, 1.40%
Jul-28 Obli, 5.75% Jul-32 Obli, and 2.90% Oct-46 Obli (total amount TBA Oct 15).
Also on Thursday, France re-opens three BTPs for between E7-8bln: 0.00% Feb-21,
0.00% Mar-24, and 1.00% Nov-25; separately re-opening three OATei for a combined
E1.25-1.75bln: 0.10% Mar-21, 1.85% Jul-27, and 0.10% Jul-47.
- CASH FLOWS: E28.4bln in redemptions and E2.7bln in coupons will leave cash
flow negative by E10.9bln, vs negative E5.5bln last week. 
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: https://tinyurl.com/MNIcashflowoct152018 and MNI Eurozone
Issuance Profile: https://tinyurl.com/MNIissuanceoct152018

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