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This week will see an estimated...>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: This week will see an estimated E29.5bln in eurozone bond
issuance Vs E22.6bln last week. Slovakia, Spain Germany, France and Italy are
all expected to come to market. 
- RECAP: Weekly bond issuance was kicked off on Monday morning with Slovakia
allotting E0.2bln through selling the 1.0% Jun-28 and 2.0% Oct-47 SGBs. On
Tuesday Spain syndicated the new 1.45% Apr-29 Bono, alloting E10.0bln  Wednesday
saw the turn of Germany allotting E3.2bln for the new 0.00% Arp-24 Bobl.  
- ISSUANCE: On Thursday France will auction four nominal bonds for a combined
E8.0-9.0bln and three linker bond for a total of E1.0-1.5bln. Italy wrap up the
issuance on Friday, auction details are released on Tuesday. 
- CASH FLOW: This week sees E0.1bln worth cash flows returning to market
(E00.0bln in redemptions, E0.1bln in coupons). This left a net cash flow of
positive E29.5bln this week, versus negative E5.5bln last week. 
** For full details, please see MNI Eurozone bond auction calendar: 
* Cash Flow Matrix & Issuance Profile:
http://marketnews-m.objects.xtenit.com/CFM210119.pdf

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