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Free AccessSpain and France are the only.....>
EUROZONE ISSUANCE: Spain and France are the only issuers to come to market next
week, selling a combined estimated total of E13bln, down from the E17.4bln total
this week.
- ISSUANCE: Both countries conduct auctions on Thursday. Spain sells two nominal
bonds - 0.05% Oct-21 Bono and 1.45% Apr-29 Obli - and one linker, 0.65% Nov-27
BonoEi. Total amount to be announced but MNI estimates between E4.0-5.0bln.
France sells three nominal OATs for a combined total of between E7.5-9.0bln:
0.50% May-29 OAT, 1.25% May-34 OAT, and 1.50% May-50 OAT.
- CASH FLOW: With fairly limited redemptions (E1.1bln) and coupons (E0.5bln)
returning to market, net cash flow will come in at an estimated positive
E11.3bln, versus positive E3.5bln this week.
** For full details, please see MNI Eurozone bond auction calendar
* Cash Flow Matrix: https://emedia.marketnews.com/CFM010419.pdf
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.