Slovakia, Germany, Spain, and.....>

EUROZONE ISSUANCE: Slovakia, Germany, Spain, and France will issue an estimated

total of just under EUR19bln in bonds next week.

- RECAP: Slovakia sold a combined E0.257bln of the 1.000% Jun-28 bond and the

1.875% Mar-37 bond on Monday. 

- ISSUANCE: On Tuesday, Germany sells EUR5bln of new Mar-22 Schatz, then follows

up Wednesday with a reopening of 1.25% Aug-48 Bund for EUR1.5bln. Thursday will

be busy: Spain sells 0.0% Jan-25 Bono (new) and 0.50% Apr-30 Obli (re-open) for

E4.0-5.0bln. The same day, France sells EUR7.25-8.75bln of nominal OATS: 0.0%

Feb-23, 0.0% Mar-25, and 0.25% Nov-26 (all re-opens). Later in the morning,

France sells EUR1.0-1.5bln of linkers (again, all re-opens): 0.10% Mar-25 OATi,

0.10% Mar-29 OATEi, and 0.10% Jul-36 OATEi.

- CASH FLOWS: With small redemptions and EUR3.0bln of coupons, net cash flow

will come in at positive EUR15.7bln next week, vs net positive EUR14.0bln this

week.

** For further details please see MNI Eurozone Issuance Profile & Cash Flow

Matrix: https://emedia.marketnews.com/marketnewsintl/CFM14022020.pdf