Free Trial

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: and MNI Eurozone
Issuance Profile:

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.