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W/C May 29, 2023

EUROZONE T-BILL ISSUANCE
MNI (London)

Belgium, Germany, France and Greece will look to sell bills this week. We look for issuance at first round operations of E14.5bln, down from last week's E18.1bln.

  • Belgium will kick off bill issuance for the week this morning, with E0.8-1.2bln of the 3.5-month Sep 14, 2023 TC on offer.
  • Germany will also look to sell 5/11-month bubills this morning to reopen E2bln of the 5-month Oct 18, 2023 bubill alongside E4bln of the 11-month Apr 17, 2024 bubill.
  • This afternoon, France will come to the market with up to E6.9bln of BTFs on offer: E2.3-2.7bln of the new 13-week Aug 30, 2023 BTF, E0-0.4bln of the 14-week Sep 6, 2023 BTF, E1.6-2.0bln of the 20-week Oct 18, 2023 BTF and E1.4-1.8bln of the 50-week May 15, 2024 BTF.
  • Tomorrow, Greece will conclude eurozone bill issuance for the week, with E625mln of the new 26-week Dec 1, 2023 GTB on offer.

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