Germany and Italy will look to issue bonds in this week while Slovakia came to the market yesterday. We look for estimated gross nominal issuance of E7.2bln from announced operations, down from last week’s E41.5bln.
- This morning, Germany will look to reopen the 1.30% Oct-27 Bobl (ISIN: DE0001141869) for E3bln.
- Germany will return to the market tomorrow with E1bln of the 1.80% Aug-53 Bund (ISIN: DE0001102614) on offer.
- On Thursday, Italy will come to the market with E1.0-1.25bln of the 1.75% May-24 BTP Short Term (ISIN: IT0005499311) and E1.25-1.50bln of the 1.45% Nov-24 BTP (ISIN: IT0005282527) on offer. The MEF has announced that there will be no BTPei auction this week, given last week’s BTP Italia issue.
For more on this week's issuance see the PDF here:
EZ221122.pdf
