The Netherlands, Germany,.........>

EUROZONE ISSUANCE: The Netherlands, Germany, Portugal and Italy come to market

next week selling an estimated total E10.4bln, down from E15.1bln this week. 

- ISSUANCE: The Netherlands DSTA on Tuesday re-opens 30-year 2.75% Jan-47 DSL

for between E0.5-1.0bln. On Tuesday, Germany re-opens 0.1% Apr-26 BundEi linker

for E0.5bln. Germany comes back to market on Wednesday, re-opening 0.25% Aug-28

Bund for E3.0bln. Also on Wednesday, Portugal will re-open 2.125% Oct-28 PGB for

between E0.75-1.0bln. Italy completes the week's issuance Thursday, selling

M-T/L-T BTPs, issues and total amounts TBA on Oct 8.

- ESM ISSUANCE: The ESM has announced an RfP for a possible bond sale next week,

though no details yet available. 

- CASH FLOWS: There are just over E17bln in redemptions next week (Germany) and

just E0.24bln in coupons, leaving cash flow negative by E6.9bln, versus positive

E15.0bln this week.

** For full details, please see MNI Eurozone bond auction calendar, MNI Eurozone

Net Cash Flow Matrix: https://tinyurl.com/cashflowoct82018 and MNI Eurozone

Issuance Profile: https://tinyurl.com/issuanceoct82018