MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 17 Nov

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• The EU, Slovakia, Finland, Spain and France will all look to come to the market in the upcoming week.
• We pencil in issuance of E28.4bln for the week, up from E13.0bln this week.
• The week ahead will see redemptions of E18.7bln, largely from a formerly 7-year BTP.
• Coupon payments for the week total E4.6bln of which E3.3bln are Italian and E1.2bln German.
• This leaves estimated net flows for the week at positive E5.1bln, down from positive E12.6bln this week.