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The auction calendar will be......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: The auction calendar will be busier next week with the
Austria, France and Spain coming to market.
- ISSUANCE: Austria kicks off the week with taps of the 0.75% Feb-28 RAGB and
4.15% Jan-37 RAGB for E1.15bln on Tuesday. The biggest block of issuance will
come from France on Thursday, which will tap the 0.75% Nov-28 OAT, 1.50% May-31
OAT and 1.25% May-34 OAT for a combined E7.0-8.0bln. Spain will finish off the
week with four auctions including the 0.65% Nov-27 linker, 0.05% Jan-21 Bono,
1.95% Jul-30 Obli and the 4.70% Jul-41 Obli. Target volume for the Spanish
auctions will be announced on Monday.
- CASH FLOWS: There will be E21.0bn in redemption payments from Germany and
E8.79bln in coupon payments, of which E8.04bn will be from Germany
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
net Cash Flow Matrix: https://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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