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EUROZONE ISSUANCE
EUROZONE ISSUANCE: There is no Eurozone government bond issuance Tuesday, with
Germany next scheduled to come to the market on Wednesday. Total issuance could
be for up to E5.16bln, well down from E15.6bln last week.
- ISSUANCE: Still to come this week on Wednesday in Germany, the Deutsche
Finanzagentur launches a new Jun-20 Schatz for up to E5.0bln.
- RECAP: On Monday, Slovakia re-opened its 3.625% Jan-29 government bond for
E87.5mln, and its 2.00% Oct-47 bond for E95mln.
- CASH FLOWS: A total of E5.56bln in coupon payments is expected this week, the
bulk of which will be from France (E5.34bln). Additionally, France has
redemptions of E18.59bln, of an EMU total of E18.84bln. Overall, this week`s
transactions are cash flow negative by E19.2bln (compared with last week`s
moderately positive E0.61bln flow).
** 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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