August 09, 2022 05:41 GMT
EUROZONE T-BILL ISSUANCE
France, Spain, Belgium and Italy are due to sell bills this week. Issuance at first round operations is expected to be E19.7bln (a little lower than E20.1bln this week).
- France kicked off issuance for the week yesterday, selling E5.764bln of BTFs: E2.696bln of the new 13-week Nov 9, 2023 BTF, E1.671bln of the 22-week Jan 11, 2023 BTF and E1.397bln of the 48-week Jul 12, 2023 BTF.
- This morning, Spain will come to the market to sell a combined E4.5-5.5bln 6-month Feb 2, 2022 and the new 12-month Aug 8, 2022 letras.
- Belgium will look to sell E1.6-2.0bln of 3/11-month TCs, also today: 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 tomorrow, completing Eurozone bill issuance for the week with the new 12-month Aug 14, 2023 BOT on offer for E7bln.