EZ/UK Bond Supply Calendar: Italy to sell BTPs/CCTeu Tuesday

Aug-29 13:00By: Lucy Hager
DM Data (RM)+ 6

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

See the notes section at the bottom for more colour.

Date Time Country Amount Details Notes
30-Aug-22 1000 Italy E2.75-3.25bln 2.65% Dec-27 BTP Re-open
30-Aug-22 1000 Italy E0.75-1.25bln 3.50% Mar-30 BTP Re-open
30-Aug-22 1000 Italy E1.75-2.25bln 2.50% Dec-32 BTP Re-open
30-Aug-22 1000 Italy E0.75-1.25bln 0.75% Oct-30 CCTeu Re-open
01-Sep-22 0930 Spain TBA 29-Aug 0% May-25 Bono Re-open
01-Sep-22 0930 Spain TBA 29-Aug 2.55% Oct-32 Obli Re-open
01-Sep-22 0930 Spain TBA 29-Aug 1.90% Oct-52 Obli Re-open
01-Sep-22 0930 Spain TBA 29-Aug 0.70% Nov-33 Obli-Ei Re-open
01-Sep-22 0950 France E9-10bln 1.50% May-31 OAT Re-open
01-Sep-22 0950 France Shared 2.00% Nov-32 OAT Re-open
01-Sep-22 0950 France Shared 1.25% May-38 OAT Re-open
01-Sep-22 1000 Ireland E1.00-1.25bln 0.35% Oct-32 IGB Re-open
01-Sep-22 1000 Ireland Shared 1.50% May-50 IGB Re-open
01-Sep-22 1000 UK GBP2bln 0.875% Jan-46 Gilt Re-open
September ---- Germany TBA 1.30% Oct-27 Green Bobl Synd; New
02-Sep-22 1100 Belgium TBA ORI Facility TBA 1-Sep
06-Sep-22 1000 Austria TBA RAGB TBA 1-Sep
06-Sep-22 1000 UK TBA 30-Aug 0.25% Jan-25 Gilt Re-open
06-Sep-22 1030 Germany TBA Index-linked Bund TBA 1-Sep
07-Sep-22 1000 UK TBA 31-Aug 1.00% Jan-32 Gilt Re-open
07-Sep-22 1030 Germany E1.5bln 1.00% May-38 Bund Re-open
W/C 12-Sep ---- EU TBA EU-bond syndication
13-Sep-22 1000 Italy TBA 3-year BTP TBA 8-Sep
13-Sep-22 1000 Italy TBA 7-year BTP TBA 8-Sep
13-Sep-22 1000 Italy TBA 15-50-year BTP TBA 8-Sep
13-Sep-22 1030 Germany E5.5bln 0.40% Sep-24 Schatz Re-open
14-Sep-22 1030 Germany E1bln 2.50% Jul-44 Bund Re-open
14-Sep-22 1030 Portugal TBA Potential OT auction TBA 9-Sep
15-Sep-22 0930 Spain TBA Bono/Olbi TBA 9-Sep
15-Sep-22 0950 France TBA MT OATs TBA 9-Sep
15-Sep-22 1050 France TBA IL OATs TBA 9-Sep
19-Sep-22 1000 Slovakia TBA SlovGB
19-Sep-22 1100 Belgium TBA Conventional auction TBA 12-Sep
20-Sep-22 1100 Finland E1.0-1.5bln RFGB TBA
21-Sep-22 1030 Germany E4bln 1.70% Aug-32 Bund Re-open
26-Sep-22 1030 EU TBA EU-bond auction TBA 21-Sep
27-Sep-22 ---- Netherlands E3-5bln Jan-54 DSL DDA; New
27-Sep-22 1000 Italy TBA BTP Short Term TBA 22-Sep
27-Sep-22 1000 Italy TBA BTPei TBA 22-Sep
27-Sep-22 1000 UK TBA 20-Sep 0.125% Aug-31 linker Re-open
27-Sep-22 1030 Germany E3bln 1.30% Oct-27 Bobl Re-open
28-Sep-22 1030 Portugal TBA Potential OT auction TBA 23-Sep
29-Sep-22 1000 Italy TBA 5-year BTP TBA 26-Sep
29-Sep-22 1000 Italy TBA 10-year BTP TBA 26-Sep
29-Sep-22 1000 Italy TBA CCTeu TBA 26-Sep
04-Oct-22 1000 Austria TBA RAGB TBA 29-Sep
04-Oct-22 1000 UK TBA Long-dated gilt
04-Oct-22 1030 Germany TBA Index-linked Bund TBA 29-Sep
05-Oct-22 1000 UK TBA Medium-dated gilt
05-Oct-22 1030 Germany E1.5bln 1.00% May-38 Bund Re-open
06-Oct-22 0930 Spain TBA Bono/Olbi/ObliEi TBA 30-Sep
06-Oct-22 0950 France TBA LT OATs TBA 30-Sep
W/C 10-Oct ---- EU TBA EU-bond syndication
11-Oct-22 0900 Netherlands TBA Potential DSL auction TBA 5-Oct
11-Oct-22 1000 UK TBA I/L gilt
11-Oct-22 1030 Germany E5.5bln 0.40% Sep-24 Schatz Re-open
12-Oct-22 1000 UK TBA Short-dated gilt
12-Oct-22 1030 Germany E4bln 1.70% Aug-32 Bund Re-open
12-Oct-22 1030 Portugal TBA Potential OT auction TBA 7-Oct
13-Oct-22 1000 Italy TBA 3-year BTP TBA 10-Oct
13-Oct-22 1000 Italy TBA 7-year BTP TBA 10-Oct
13-Oct-22 1000 Italy TBA 15-50-year BTP TBA 10-Oct
17-Oct-22 1000 Slovakia TBA SlovGB
18-Oct-22 1000 UK TBA Long-dated gilt
20-Oct-22 0930 Spain TBA Bono/Olbi TBA 14-Oct
20-Oct-22 0950 France TBA MT OATs TBA 14-Oct
20-Oct-22 1050 France TBA IL OATs TBA 14-Oct
24-Oct-22 1030 EU TBA EU-bond auction TBA 19-Oct
24-Oct-22 1100 Belgium TBA Conventional auction TBA 17-Oct
25-Oct-22 0900 Netherlands TBA Potential DSL auction TBA 19-Oct
25-Oct-22 1000 UK TBA I/L gilt
25-Oct-22 1030 Germany E3bln 1.30% Oct-27 Bobl Re-open
26-Oct-22 1000 Italy TBA BTP Short Term TBA 21-Oct
26-Oct-22 1000 Italy TBA BTPei TBA 21-Oct
26-Oct-22 1000 UK TBA Short-dated gilt
26-Oct-22 1030 Portugal TBA Potential OT auction TBA 21-Oct
28-Oct-22 1000 Italy TBA 5-year BTP TBA 25-Oct
28-Oct-22 1000 Italy TBA 10-year BTP TBA 25-Oct
28-Oct-22 1000 Italy TBA CCTeu TBA 25-Oct
01-Nov-22 1000 UK TBA Long-dated gilt
01-Nov-22 1030 Germany TBA Index-linked Bund TBA 27-Oct
03-Nov-22 0930 Spain TBA Bono/Olbi/ObliEi TBA 28-Oct
03-Nov-22 0950 France TBA LT OATs TBA 28-Oct
04-Nov-22 1100 Belgium TBA ORI Facility TBA 3-Nov
08-Nov-22 0900 Netherlands TBA Potential DSL auction TBA 2-Nov
08-Nov-22 1000 Austria TBA RAGB TBA 3-Nov
08-Nov-22 1000 UK TBA Short-dated gilt
08-Nov-22 1030 Germany E6bln Dec-24 Schatz New
09-Nov-22 1000 UK TBA Medium-dated gilt
09-Nov-22 1030 Germany E4bln 1.70% Aug-32 Bund Re-open
09-Nov-22 1030 Portugal TBA Potential OT auction TBA 4-Nov
11-Nov-22 1000 Italy TBA 3-year BTP TBA 8-Nov
11-Nov-22 1000 Italy TBA 7-year BTP TBA 8-Nov
11-Nov-22 1000 Italy TBA 15-50-year BTP TBA 8-Nov
W/C 14-Nov ---- EU TBA EU-bond syndication
15-Nov-22 1000 UK TBA Long-dated gilt
16-Nov-22 1030 Germany E1bln 1.00% May-38 Bund Re-open
17-Nov-22 0930 Spain TBA Bono/Olbi TBA 11-Nov
17-Nov-22 0950 France TBA MT OATs TBA 11-Nov
17-Nov-22 1050 France TBA IL OATs TBA 11-Nov
21-Nov-22 1000 Slovakia TBA SlovGB
21-Nov-22 1100 Belgium TBA Conventional auction TBA 14-Nov
22-Nov-22 0900 Netherlands TBA Potential DSL auction TBA 16-Nov
22-Nov-22 1030 Germany E3bln 1.30% Oct-27 Bobl Re-open
23-Nov-22 1030 Germany E1bln New 30y Bund Re-open
23-Nov-22 1030 Portugal TBA Potential OT auction TBA 18-Nov
24-Nov-22 1000 Italy TBA BTP Short Term TBA 21-Nov
24-Nov-22 1000 Italy TBA BTPei TBA 21-Nov
28-Nov-22 1030 EU TBA EU-bond auction TBA 23-Nov
29-Nov-22 1000 Italy TBA 5-year BTP TBA 24-Nov
29-Nov-22 1000 Italy TBA 10-year BTP TBA 24-Nov
29-Nov-22 1000 Italy TBA CCTeu TBA 24-Nov
30-Nov-22 1030 Germany E3bln 1.70% Aug-32 Bund Re-open
01-Dec-22 0930 Spain TBA Bono/Olbi/ObliEi TBA 25-Nov
01-Dec-22 1000 UK TBA Long-dated gilt
01-Dec-22 0950 France TBA Nominal / IL OATs TBA 25-Nov
W/C 5-Dec ---- EU TBA EU-bond syndication
06-Dec-22 1000 UK TBA Short-dated gilt
06-Dec-22 1030 Germany E5bln Dec-24 Schatz Re-open
07-Dec-22 1000 UK TBA I/L gilt
13-Dec-22 0900 Netherlands TBA Potential DSL auction TBA 7-Dec
13-Dec-22 1000 Austria TBA RAGB TBA 7-Dec
13-Dec-22 1000 Italy TBA 3-year BTP TBA 7-Dec
13-Dec-22 1000 Italy TBA 7-year BTP TBA 7-Dec
13-Dec-22 1000 Italy TBA 15-50-year BTP TBA 7-Dec
13-Dec-22 1000 UK TBA Medium-dated gilt
14-Dec-22 1030 Portugal TBA Potential OT auction TBA 9-Dec
15-Dec-22 0930 Spain TBA Bono/Olbi TBA 9-Dec
16-Dec-22 1100 Belgium TBA ORI Facility TBA 15-Dec
19-Dec-22 1000 Slovakia TBA Reserve date
28-Dec-22 1000 Italy TBA BTP Short Term TBA 22-Dec
28-Dec-22 1000 Italy TBA BTPei TBA 22-Dec
29-Dec-22 1000 Italy TBA 5-year BTP TBA 23-Dec
29-Dec-22 1000 Italy TBA 10-year BTP TBA 23-Dec
29-Dec-22 1000 Italy TBA CCTeu TBA 23-Dec
05-Jan-23 1000 UK TBA Conventional gilt
10-Jan-23 1000 UK TBA Conventional gilt
12-Jan-23 0930 Spain TBA Bono/Olbi/ObliEi TBA 6-Jan
12-Jan-23 1000 Italy TBA 3-year BTP TBA 9-Jan
12-Jan-23 1000 Italy TBA 7-year BTP TBA 9-Jan
12-Jan-23 1000 Italy TBA 15-50-year BTP TBA 9-Jan
17-Jan-23 1000 UK TBA Conventional gilt
19-Jan-23 0930 Spain TBA Bono/Olbi TBA 13-Jan
24-Jan-23 1000 UK TBA I/L gilt
25-Jan-23 1000 Italy TBA BTP Short Term TBA 20-Jan
25-Jan-23 1000 Italy TBA BTPei TBA 20-Jan
27-Jan-23 1000 Italy TBA 5-year BTP TBA 24-Jan
27-Jan-23 1000 Italy TBA 10-year BTP TBA 24-Jan
27-Jan-23 1000 Italy TBA CCTeu TBA 24-Jan
01-Feb-23 1000 UK TBA Conventional gilt
07-Feb-23 1000 UK TBA Conventional gilt
14-Feb-23 1000 UK TBA Conventional gilt
21-Feb-23 1000 UK TBA Conventional gilt
01-Mar-23 1000 UK TBA I/L gilt
07-Mar-23 1000 UK TBA Conventional gilt
14-Mar-23 1000 UK TBA Conventional gilt
21-Mar-23 1000 UK TBA Conventional gilt
28-Mar-23 1000 UK TBA I/L gilt
  • Austria: 3-4 syndications in 2022 (from 3 in 2021). One triple tranche already held on 19 January 2022 and a single tranche on 23 March.
  • Belgium: Up to 3 new benchmark OLOs intended to be launched in three syndications in 2022 (up from 2 in 2021). New 10-year launched on 18 January, new 30-year launched on 15 February and a Green OLO due with maturity to be determined.
  • Finland looks to hold three syndications in 2022: it has already launched the long 20-year 0.50% Apr-43 RFGB on 26 January and also looks to launch a new 5-year and a new 10-year. Finland's next RFGB auction will be on September 20, with a target amount of E1.0-1.5bln to be sold.
  • France: New bonds planned in 2022: One 3-year OAT (launched 20 January), one 5-year OAT (launched 19 May), two 10-year OATs (first launched 6 January, second scheduled 7 July), one 15-year OAT (launched 7 April), one new 30-year OATei (launched 25 January via syndication), one 15-year Green OATei (launched 25 May via syndication). Potential issue to be examined: 20-30-year OAT via syndication. France has E15bln of Green eligible expenditures for 2022 (of which E9.013bln has already been issued).
  • Germany: 2022 planned syndications: 30-year 0% Aug-52 Bund reopened on 1 March, 30-year 0% Aug-50 Green Bund reopened on 1 June, 5-year Aug-27 Green Bobl new issue in September and new conventional 30-year Bund in Q4.
  • Italy: In Q3-22, Italy plans to launch a new 5-year BTP for a minimum E10.0bln. It also plans to reopen the 1.75% May-24 BTP Short Term, 1.20% Aug-25 BTP (minimum outstanding E9bln already surpassed), 2.80% Jun-29 BTP (minimum outstanding E10bln), and the 2.50% Dec-32 BTP (minimum outstanding E10bln).
  • Netherlands: New 30-year DSL via DDA to be launched 27 September (E5bln to be issued in 2022 with E10bln eventual size). Other 2022 new issues: 5-year Jan-26 DSL launched via MTS auction on 11 January for E5.411bln inc second round (reopened for E2.813bln inc second round 10 May), E8bln to be issued in 2022 with E12bln target size within 18 months; 10-year Jul-32 DSL via DDA on 15 February (E5.956bln launch, E2.513bln reopening on 12 April; with total E12bln to be issued through 2022), new 30-year DSL via DDA with timing TBA (E5bln to be issued in 2022 with E10bln eventual size). On-the-run issues to be tapped in 2022: 0% Jan-29 DSL one auction held, due for one more 2022 auction of E1.9bln; 0.50% Jan-40 Green DSL (current outstanding E10.7bln) will saw one DDA re-opening on 14 June. E8.5bln of funding still TBA.
  • Slovakia: Plans to sell E2-3bln via syndication in 1-2 transactions in 2022. ARDAL has confirmed that the July and August reserve dates will not be used.
  • The UK plans to hold a syndicated reopening of the 1.50% Jul-53 Green Gilt in September.

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