June 30, 2022 05:41 GMT
EUROZONE T-BILL ISSUANCE
Eurozone bill issuance for the week is complete, following issuance from Germany, France and Greece. A combined E12.1bln was issued at first-round operations, down from E14.5bln last week.
- Germany kicked off issuance on Monday, selling E3bln (E2.863bln allotted) of the 5-month Nov 23, 2022 bubill and a further E3bln (E2.052bln allotted) of the 11-month May 17, 2023 bubill.
- France also came to the market on Monday, selling E5.689bln (top of the target range) of 13/20/46/50-week BTFs: E2.997bln of the new 13-week Sep 28, 2022 BTF, E0.996bln of the 20-week Nov 16, 2022 BTF, E0.797bln of the 46-week May 17, 2023 BTF and E0.899bln of the 50-week Jun 14, 2023 BTF.
- Greece concluded issuance for the quarter yesterday, selling E375bln (vs the E625mln target) of the new 26-week Dec 30, 2022 GTB.