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T-Bill Supply Recap For W/C Sep 28

EUROZONE T-BILL ISSUANCE
Germany, France, the Netherlands and Greece will issue T-bills this week. We estimate supply of E11.4bn (from an initial E11.7bn) compared to E24.7bn last week.
  • RECAP: Germany kicked off issuance for the week with an auction of 12-month bubills on Monday with E3.42bn allotted. The Netherlands followed with a sale of 6-month DTCs for E1.42bn. France concluded Monday's issuance with a sale of 3-/6-/12-/month BTFs for a combined E5.61bn.
  • ISSUANCE: Greece will wrap up for the week with an auction of 6-month bills for E0.375bn on Wednesday.
  • CASH FLOWS: E16.4bn in redemptions will leave net cash flows at E-5.0bn for the week.
** For further details please see MNI Eurozone T-Bill Calendar

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