EZ/UK Bond Supply Calendar: EU-Bond Auction & UK APF Sales Mon

Jun-23 12:59By: Lucy Hager
Eurozone+ 1

Below are the known dates for auctions of European bonds and UK gilts. All times are UK.

Date Time Country Amount Details Notes
26-Jun-23 1030 EU E2.5bln 0.80% Jul-25 EU-bond Re-open
26-Jun-23 1030 EU E2.0bln 3.25% Jul-34 EU-bond Re-open
26-Jun-23 1445 UK GBP770mln Long APF Sales (20y+)
27-Jun-23 0900 Netherlands E1.5-2.0bln 2.00% Jan-54 DSL Re-open
27-Jun-23 1000 Italy E2.0-2.5bln 3.40% Mar-25 BTP Short Term Re-open
27-Jun-23 1000 Italy E1.25-1.75bln 1.50% May-29 BTPei Re-open
27-Jun-23 1000 UK GBP1.5bln 0.75% Nov-33 linker New
28-Jun-23 1000 UK GBP2.75bln 3.75% Jan-38 Gilt Re-open
30-Jun-23 1000 Italy TBA 5-year BTP TBA 26-Jun
30-Jun-23 1000 Italy TBA 10-year BTP TBA 26-Jun
30-Jun-23 1000 Italy TBA CCTeu TBA 26-Jun
04-Jul-23 1000 Austria TBA RAGB TBA 29-Jun
04-Jul-23 1000 UK TBA 27-Jun 1.50% Jul-53 Green Gilt Re-open
04-Jul-23 1030 Germany TBA Index-linked Bund TBA 29-Jun
05-Jul-23 1000 UK TBA 28-Jun 3.50% Oct-25 Gilt Re-open
05-Jul-23 1030 Germany TBA Green auction TBA 30-Jun
06-Jul-23 0930 Spain TBA Bono/Olbi TBA 30-Jun
06-Jul-23 0930 Spain TBA ObliEi TBA 30-Jun
06-Jul-23 0950 France TBA LT OATs TBA 30-Jun
W/C 10-Jul ---- UK TBA I/L gilt syndication
11-Jul-23 0900 Netherlands TBA Existing DSL auction
11-Jul-23 1030 Germany E5bln 2.40% Oct-28 Bobl Re-open
12-Jul-23 1000 UK TBA 5-Jul 3.25% Jan-33 Gilt Re-open
12-Jul-23 1030 Germany E5bln Aug-33 Bund New
12-Jul-23 1030 Portugal TBA Potential OT auction TBA 7-Jul
13-Jul-23 1000 Italy TBA 3-year BTP TBA 10-Jul
13-Jul-23 1000 Italy TBA 7-year BTP TBA 10-Jul
13-Jul-23 1000 Italy TBA 15-50-year BTP TBA 10-Jul
17-Jul-23 1000 Slovakia TBA SlovGB Reserve
18-Jul-23 1000 UK TBA 11-Jul 3.75% Oct-53 Gilt Re-open
18-Jul-23 1030 Germany E6bln Sep-25 Schatz New
19-Jul-23 1030 Germany E1.5bln 30-year Bund TBA 11-Jul
19-Jul-23 1030 Germany E1.0bln 30-year Bund TBA 11-Jul
19-Jul-23 1130 UK TBA 12-Jul 4.50% Jun-28 Gilt Re-open
20-Jul-23 0930 Spain TBA Bono/Olbi TBA 14-Jul
20-Jul-23 0950 France TBA MT OATs TBA 13-Jul
20-Jul-23 1050 France TBA IL OATs TBA 13-Jul
24-Jul-23 1100 Belgium TBA Conventional auction TBA 18-Jul
25-Jul-23 1000 Italy TBA BTP Short Term TBA 20-Jul
25-Jul-23 1000 Italy TBA BTPei TBA 20-Jul
25-Jul-23 1000 UK TBA 18-Jul 3.75% Jan-38 Gilt Re-open
26-Jul-23 1030 Germany E4bln Nov-30 Bund New
26-Jul-23 1030 Portugal TBA Potential OT auction TBA 21-Jul
27-Jul-23 1000 Italy TBA 5-year BTP TBA 24-Jul
27-Jul-23 1000 Italy TBA 10-year BTP TBA 24-Jul
27-Jul-23 1000 Italy TBA CCTeu TBA 24-Jul
01-Aug-23 1000 UK TBA 25-Jul 3.50% Oct-25 Gilt Re-open
02-Aug-23 1030 Germany E1.5bln On-the-run 15y Bund TBA 25-Jul
02-Aug-23 1030 Germany E1.0bln 15-year Bund TBA 25-Jul
03-Aug-23 0930 Spain TBA Bono/Olbi TBA 28-Jul
03-Aug-23 0930 Spain TBA ObliEi TBA 28-Jul
03-Aug-23 0950 France TBA LT OATs TBA 28-Jul
04-Aug-23 1100 Belgium TBA ORI Facility TBA 3-Aug
08-Aug-23 1000 Austria TBA RAGB TBA 3-Aug
08-Aug-23 1000 UK TBA 1-Aug 0.125% Mar-39 linker Re-open
08-Aug-23 1030 Germany E5bln 2.40% Oct-28 Bobl Re-open
09-Aug-23 1000 UK TBA 2-Aug 3.25% Jan-33 Gilt Re-open
09-Aug-23 1030 Germany E5bln Aug-33 Bund Re-open
09-Aug-23 1030 Portugal TBA Potential OT auction TBA 4-Aug
11-Aug-23 1000 Italy TBA 3-year BTP TBA 8-Aug
11-Aug-23 1000 Italy TBA 7-year BTP TBA 8-Aug
11-Aug-23 1000 Italy TBA 15-50-year BTP TBA 8-Aug
15-Aug-23 1000 UK TBA 8-Aug 1.125% Jan-39 Gilt Re-open
15-Aug-23 1030 Germany E6bln Sep-25 Schatz Re-open
16-Aug-23 1030 Germany E1.0bln 15/30-year Bund TBA 8-Aug
16-Aug-23 1030 Germany E1.5bln 30-year Bund TBA 8-Aug
17-Aug-23 0930 Spain TBA Bono/Olbi TBA 11-Aug
17-Aug-23 0950 France TBA MT OATs TBA 11-Aug
17-Aug-23 1050 France TBA IL OATs TBA 11-Aug
17-Aug-23 1100 Finland TBA ORI Facility TBA 15-Aug
21-Aug-23 1000 Slovakia TBA SlovGB Reserve
21-Aug-23 1100 Belgium TBA Conventional auction TBA 15-Aug
22-Aug-23 1000 UK TBA 15-Aug 0.75% Nov-33 linker Re-open
23-Aug-23 1030 Germany E4bln Nov-30 Bund Re-open
23-Aug-23 1030 Portugal TBA Potential OT auction TBA 18-Aug
25-Aug-23 1000 Italy TBA BTP Short Term TBA 22-Aug
25-Aug-23 1000 Italy TBA BTPei TBA 22-Aug
29-Aug-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
30-Aug-23 1000 Italy TBA 5-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA 10-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA CCTeu TBA 25-Aug
01-Sep-23 1100 Belgium TBA ORI Facility TBA 31-Aug
05-Sep-23 1000 Austria TBA RAGB TBA 31-Aug
05-Sep-23 1030 Germany TBA Index-linked Bund TBA 31-Aug
06-Sep-23 1000 UK TBA 30-Aug 4.50% Jun-28 Gilt Re-open
06-Sep-23 1030 Germany E5bln Aug-33 Bund Re-open
06-Sep-23 1030 Portugal TBA Potential OT auction TBA 1-Sep
07-Sep-23 0930 Spain TBA Bono/Olbi TBA 1-Sep
07-Sep-23 0930 Spain TBA ObliEi TBA 1-Sep
07-Sep-23 0950 France TBA LT OATs TBA 1-Sep
12-Sep-23 0900 Netherlands TBA Existing DSL auction
12-Sep-23 1000 UK TBA 5-Sep 0.125% Mar-51 linker Re-open
12-Sep-23 1030 Germany E5.5bln Sep-25 Schatz Re-open
13-Sep-23 1000 Italy TBA 3-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 7-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 15-50-year BTP TBA 8-Sep
13-Sep-23 1000 UK TBA 6-Sep 3.25% Jan-33 Gilt Re-open
13-Sep-23 1030 Germany E1.5bln 15/30-year Bund TBA 5-Sep
13-Sep-23 1030 Germany E1.0bln 30-year Bund TBA 5-Sep
18-Sep-23 1000 Slovakia TBA SlovGB TBA 11-Sep
18-Sep-23 1100 Belgium TBA Conventional auction TBA 12-Sep
19-Sep-23 1000 UK TBA 12-Sep 3.75% Oct-53 Gilt Re-open
20-Sep-23 1030 Portugal TBA Potential OT auction TBA 15-Sep
21-Sep-23 0930 Spain TBA Bono/Olbi TBA 15-Sep
21-Sep-23 0950 France TBA MT OATs TBA 15-Sep
21-Sep-23 1050 France TBA IL OATs TBA 15-Sep
26-Sep-23 0900 Netherlands TBA 2.50% Jul-33 DSL
26-Sep-23 1000 Italy TBA BTP Short Term TBA 21-Sep
26-Sep-23 1000 Italy TBA BTPei TBA 21-Sep
26-Sep-23 1000 UK TBA 19-Sep 0.875% Jul-33 Green Gilt Re-open
26-Sep-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
27-Sep-23 1030 Germany E5bln Aug-33 Bund Re-open
28-Sep-23 1000 Italy TBA 5-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA 10-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA CCTeu TBA 25-Sep
03-Oct-23 1000 Austria TBA RAGB TBA 28-Sep
03-Oct-23 1000 UK TBA Conventional auction
04-Oct-23 1000 UK TBA Conventional auction
04-Oct-23 1030 Germany E3bln Nov-30 Bund Re-open
05-Oct-23 0930 Spain TBA Bono/Olbi TBA 29-Sep
05-Oct-23 0930 Spain TBA ObliEi TBA 29-Sep
05-Oct-23 0950 France TBA LT OATs TBA 29-Sep
10-Oct-23 0900 Netherlands TBA Potential DSL auction
10-Oct-23 1000 UK TBA I/L gilt
10-Oct-23 1030 Germany TBA Index-linked Bund TBA 5-Oct
11-Oct-23 1000 UK TBA Conventional auction
11-Oct-23 1030 Germany E1.5bln 30-year Bund TBA 3-Oct
11-Oct-23 1030 Germany E1.0bln 30-year Bund TBA 3-Oct
11-Oct-23 1030 Portugal TBA Potential OT auction TBA 6-Oct
12-Oct-23 1000 Italy TBA 3-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 7-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 15-50-year BTP TBA 9-Oct
16-Oct-23 1000 Slovakia TBA SlovGB TBA 9-Oct
17-Oct-23 1000 UK TBA Conventional auction
17-Oct-23 1030 Germany E6bln Dec-25 Schatz New
18-Oct-23 1030 Germany E5bln Aug-33 Bund Re-open
19-Oct-23 0930 Spain TBA Bono/Olbi TBA 13-Oct
19-Oct-23 0950 France TBA MT OATs TBA 13-Oct
19-Oct-23 1050 France TBA IL OATs TBA 13-Oct
23-Oct-23 1100 Belgium TBA Conventional auction TBA 17-Oct
24-Oct-23 0900 Netherlands TBA Potential DSL auction
24-Oct-23 1000 UK TBA I/L gilt
24-Oct-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
25-Oct-23 1000 Italy TBA BTP Short Term TBA 20-Oct
25-Oct-23 1000 Italy TBA BTPei TBA 20-Oct
25-Oct-23 1000 UK TBA Conventional auction
25-Oct-23 1030 Germany E1.5bln On-the-run 15y Bund TBA 17-Oct
25-Oct-23 1030 Germany E1.0bln 15-year Bund TBA 17-Oct
25-Oct-23 1030 Portugal TBA Potential OT auction TBA 20-Oct
26-Oct-23 1100 Finland TBA ORI Facility TBA 24-Oct
31-Oct-23 1000 Italy TBA 5-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA 10-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA CCTeu TBA 26-Oct
31-Oct-23 1030 Germany TBA Green auction TBA 26-Oct
01-Nov-23 1000 UK TBA Conventional auction
01-Nov-23 1030 Germany E3bln Nov-30 Bund Re-open
02-Nov-23 0930 Spain TBA Bono/Olbi TBA 27-Oct
02-Nov-23 0930 Spain TBA ObliEi TBA 27-Oct
02-Nov-23 0950 France TBA LT OATs TBA 27-Oct
03-Nov-23 1100 Belgium TBA ORI Facility TBA 2-Nov
07-Nov-23 1000 Austria TBA RAGB TBA 2-Nov
07-Nov-23 1000 UK TBA Conventional auction
07-Nov-23 1030 Germany TBA Index-linked Bund TBA 2-Nov
08-Nov-23 1030 Germany E4bln Aug-33 Bund Re-open
08-Nov-23 1030 Portugal TBA Potential OT auction TBA 3-Nov
10-Nov-23 1000 Italy TBA 3-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 7-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 15-50-year BTP TBA 7-Nov
14-Nov-23 0900 Netherlands TBA Potential DSL auction
14-Nov-23 1030 Germany E5.5bln Dec-25 Schatz Re-open
15-Nov-23 1030 Germany E1.0bln 30-year Bund TBA 7-Nov
15-Nov-23 1030 Germany E1.0bln 30-year Bund TBA 7-Nov
16-Nov-23 0930 Spain TBA Bono/Olbi TBA 10-Nov
16-Nov-23 0950 France TBA MT OATs TBA 10-Nov
16-Nov-23 1050 France TBA IL OATs TBA 10-Nov
20-Nov-23 1000 Slovakia TBA SlovGB TBA 13-Nov
20-Nov-23 1100 Belgium TBA Conventional auction TBA 14-Nov
21-Nov-23 1000 UK TBA I/L gilt
21-Nov-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
22-Nov-23 1030 Germany E1.0bln On-the-run 15y Bund TBA 14-Nov
22-Nov-23 1030 Germany E1.0bln 15-year Bund TBA 14-Nov
22-Nov-23 1030 Portugal TBA Potential OT auction TBA 17-Nov
24-Nov-23 1000 Italy TBA BTP Short Term TBA 21-Nov
24-Nov-23 1000 Italy TBA BTPei TBA 21-Nov
28-Nov-23 0900 Netherlands TBA Potential DSL auction
28-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1000 Italy TBA 5-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA 10-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA CCTeu TBA 24-Nov
29-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1030 Germany E4bln Aug-33 Bund Re-open
05-Dec-23 1000 UK TBA I/L gilt
05-Dec-23 1030 Germany E5bln Dec-25 Schatz Re-open
06-Dec-23 1000 UK TBA Conventional auction
06-Dec-23 1030 Germany E3bln Nov-30 Bund Re-open
07-Dec-23 0930 Spain TBA Bono/Olbi TBA 1-Dec
07-Dec-23 0930 Spain TBA ObliEi TBA 1-Dec
07-Dec-23 0950 France TBA LT OATs TBA 1-Dec
07-Dec-23 1100 Finland TBA ORI Facility TBA 5-Dec
12-Dec-23 0900 Netherlands TBA Potential DSL auction
12-Dec-23 1000 Austria TBA RAGB Reserve date TBA 7-Dec
12-Dec-23 1000 UK TBA Conventional auction
13-Dec-23 1000 Italy TBA 3-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 7-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 15-50-year BTP TBA 7-Dec
13-Dec-23 1030 Portugal TBA Potential OT auction TBA 8-Dec
14-Dec-23 0930 Spain TBA Bono/Olbi TBA 7-Dec
15-Dec-23 1100 Belgium TBA ORI Facility TBA 14-Dec
18-Dec-23 1000 Slovakia TBA SlovGB Reserve
27-Dec-23 1000 Italy TBA BTP Short Term TBA 20-Dec
28-Dec-23 1000 Italy TBA 5-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA 10-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA CCTeu TBA 21-Dec
28-Dec-23 1000 Italy TBA CCTeu TBA 24-Nov
04-Jan-24 0930 Spain TBA Bono/Olbi/ObliEi TBA 29-Dec
04-Jan-24 1000 UK TBA Conventional auction
09-Jan-24 1000 UK TBA Conventional auction
10-Jan-24 1000 UK TBA Conventional auction
11-Jan-24 1000 Italy TBA 3-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 7-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 15-50-year BTP TBA 8-Jan
16-Jan-24 1000 UK TBA Conventional auction
18-Jan-24 0930 Spain TBA Bono/Olbi TBA 12-Jan
23-Jan-24 1000 UK TBA Conventional auction
24-Jan-24 1000 UK TBA Conventional auction
25-Jan-24 1000 Italy TBA BTP Short Term TBA 22-Jan
25-Jan-24 1000 Italy TBA BTPei TBA 22-Jan
30-Jan-24 1000 Italy TBA 5-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA 10-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA CCTeu TBA 25-Jan
06-Feb-24 1000 UK TBA Conventional auction
07-Feb-24 1000 UK TBA Conventional auction
13-Feb-24 1000 UK TBA I/L gilt
14-Feb-24 1000 UK TBA Conventional auction
20-Feb-24 1000 UK TBA Conventional auction
21-Feb-24 1000 UK TBA Conventional auction
27-Feb-24 1000 UK TBA I/L gilt
28-Feb-24 1000 UK TBA Conventional auction
06-Mar-24 1000 UK TBA Conventional auction
12-Mar-24 1000 UK TBA I/L gilt
13-Mar-24 1000 UK TBA Conventional auction
19-Mar-24 1000 UK TBA Conventional auction







See the notes section at the bottom for more colour.

  • Austria plans to hold 3 to 4 RAGB syndications in 2023. It launched the held its first on 4 January (10-year 2.90% Feb-33 RAGB) and on 18 April held a dual-tranche to launch the 2.90% May-29 Green RAGB and the 30-year 3.15% Oct-53 RAGB.
  • Belgium plans to launch up to three new OLOs via syndication in 2023: it launched its new 10-year 3.00% Jun-33 OLO on 10 January, its new 30-year 3.30% Jun-54 OLO on 15 February and its new 20-year 3.45% Jun-43 OLO on 16 May.
  • The EFSF plans to issue E20bln in 2023 while the ESM plans to issue E8bln in 2023. As in 2022, it will not publish planned issuance windows.
  • Finland plans to launch three new bonds via syndication in 2023 and has already launched the 3.00% Sep-33 RFGB on 26 April and the 2.75% Apr-38 RFGB on 26 January. It plans to issue a 5-year RFGB in H2.
  • France planned 2023 new issues: one new 3-year OAT (2.50% Sep-26 OAT launched on 16 February), one new 5/6-year OAT (2.75% Feb-29 OAT launched on 20 April), two new 10-year OATs via auction (the first the 3.00% May-33 OAT launched on 6 April), new 30-year OAT via syndication (3.00% May-54 OAT launched 7 February), 15-20-year OATi (0.55% Mar-39 OATi launched on 7 June) and one new 10-year OATei.
  • Germany plans to hold a total of four syndications in 2023. It has already tapped the 1.80% Aug-53 Bund on 23 February and launched the 10-year 2.30% Feb-33 Green Bund. Also planned are a longer-term Green Bund and a further non-green transaction.
  • Greece plans to issue its inaugural Green GGB in H2-2023.
  • Ireland only planned to hold at least one syndication in 2023 and it has already launched the 20-year 3.00% Oct-43 Green IGB on 5 January.
  • Italy Q2 issuance plans: New: 5-year 3.80% Aug-28 BTP (min outstanding E10bln), 7-year 3.70% Jun-30 BTP (min outstanding E10bln, launched 13 April), new 10-year 4.35% Nov-33 BTP (min outstanding E10bln, launched 27 April). Reopen: 3.40% Mar-25 BTP Short Term (minimum E9bln outstanding already exceeded), 3-year 3.80% Apr-26 BTP (minimum E9bln outstanding, launched 14 March), 5-year 3.40% Apr-28 BTP (launched 28 November), 10-year 4.40% May-33 BTP (minimum E10bln already exceeded).
  • Slovakia's investor presentation ahead of the June syndication noted it expected to raise E4.0-5.0bln through syndications. This has already been exceeded with a total of E5.5bln raised through the launch of the 12-year 3.75% Feb-35 SlovGB and the 20-year 4.00% Feb-43 SlovGB in a dual-tranche transaction on 15 February and the 10-year 3.625% Jun-33 SlovGB on 1 June.
  • The UK DMO will hold its consultation meetings with investors and GEMMs to discuss FQ3 (July to September) issuance operations on 29 August.
  • The BOE will announce its Q3-23 APF sales schedule at 16:30GMT on 23 June.