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T-Bill issuance is now.....>

EUROZONE T-BILL ISSUANCE
EUROZONE T-BILL ISSUANCE: T-Bill issuance is now completed for the week. France,
Spain, Netherlands, Portugal, Ireland and the ESM came to market and issued a
combined E11.9bln down from E20.5bln last week.
- RECAP: The Netherlands sold E1.05bln of Nov 29, 2019 DTCs and E1.21bln of Feb
28, 2020 DTCs on Monday. France then sold a combined E4.372bln of 3-month Dec
11, 2019 BTFs, 6-month Feb 12, 2019 BTFs and 12-month Sep 9, 2020 BTFs. Spain
sold E1.80bln in 3-month and 9-month letras on Tuesday. The ESM followed on the
same day with a sale of 6-month bills for E3bln. Portugal sold a combined
E1.25bln of Mar 20, 2020 and Sep 18, 2020 bills. Ireland sold E0.5bln of Sep 21,
2020 bills on Thursday.
- CASH FLOWS: There will be E9.0bln in redemptions, which will leave net cash
flows at E2.9 for the week. ** For further details please see MNI Eurozone
T-Bill Calendar.

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