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W/C April 22, 2024

EUROZONE T-BILL ISSUANCE

Germany, France, and Austria have already sold bills this week. Greece, and Italy are still due to sell bills this week. We expect issuance to be E20.7bln in first round operations, down from E22.0bln last week.

  • Today, Greece will look to come to the market with E625mln of the new 26-week Oct 25, 2024 GTB.
  • Also today, Italy will come to the market to reopen 3/4/6-month BOTs: E1.5bln of the 3-month Jul 12, 2024 BOT, E1.5bln of the 4-month Aug 14, 2024 BOT and E3.0bln of the 6-month Nov 14, 2024 BOT.

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Germany, France, and Austria have already sold bills this week. Greece, and Italy are still due to sell bills this week. We expect issuance to be E20.7bln in first round operations, down from E22.0bln last week.

  • Today, Greece will look to come to the market with E625mln of the new 26-week Oct 25, 2024 GTB.
  • Also today, Italy will come to the market to reopen 3/4/6-month BOTs: E1.5bln of the 3-month Jul 12, 2024 BOT, E1.5bln of the 4-month Aug 14, 2024 BOT and E3.0bln of the 6-month Nov 14, 2024 BOT.

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