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The Netherlands and Finland.......>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: The Netherlands and Finland come to the Eurozone sovereign
bond issuance market Tuesday. Total issuance is estimated around E10.9bln
compared to E17.4bn this week.
- ISSUANCE: The Netherlands re-opens the 0.0% Jan-24 DSL for E1.5-E2.5bln, while
Finland taps the 1.125% Apr-34 RFGB for E1.0bln. The remaining issuance for
Europe will take place on Wednesday. Italy taps the 0.05% Apr-21 BTP for
E1.5-E2.0bn, 1.45% May-25 BTP for E1.75-E2.25bn and the 3.25% Sep-46 BTP and
3.45% Mar-48 BTP for E1.0-E1.5bn. Germany will re-open the 0.50% Feb-28 Bund for
E2.0bn. Portugal will be targeting E0.75-E1.0bn with two issues: the 4.95%
Oct-23 PGB and 2.125% Oct-28 PGB.
- CASH FLOWS: There are sizeable redemptions from Germany and Portugal at
E14.0bn and E6.6bn, respectively. There is also a E1.2bn Portuguese coupon
payment.
** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone
Net Cash Flow Matrix: http://tinyurl.com/gkrtmav and MNI Eurozone Issuance
Profile: https://tinyurl.com/y7qhuwh2

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