August 05, 2022 16:07 GMT
EUROZONE T-BILL ISSUANCE
France, Spain, Belgium and Italy are due to sell bills next week. Issuance at first round operations is expected to be E19.7bln (a little lower than E20.1bln this week).
- France will kick off issuance for the week on Monday morning, with up to E5.8bln of BTFs on offer: E2.3-2.7bln of the new 13-week Nov 9, 2023 BTF, E1.3-1.7bln of the 22-week Jan 11, 2023 BTF and E1.0-1.4bln of the 48-week Jul 12, 2023 BTF.
- On Tuesday, Spain will come to the market to sell 6-month Feb 2, 2022 and the new 12-month Aug 8, 2022 letras. Amounts will be announced on Monday.
- Belgium will then look to sell E1.6-2.0bln of 3/11-month TCs: an indicative E0.8bln of the Nov 10, 2022 TC and an indicative E1.0bln of the Jul 13, 2022 TC.
- Italy will then come to the market on Wednesday, completing Eurozone bill issuance for the week with the new 12-month Aug 14, 2023 BOT on offer for E7bln.