MNI EGB Issuance, Redemption and Cash Flow Matrix – W/C 8 Jun

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• The EU is scheduled to hold a syndication in the upcoming week, while the Netherlands, Austria, Germany, Finland, Portugal and Italy will look to hold auctions.
• We look for gross issuance of E30.8bln for the week, up from E26.1bln this week.
• The upcoming week will see no redemptions while coupon payments for the week total just E0.7bln of which E0.3bln are German, E0.2bln Slovakian and E0.2bln Portuguese.
• This leaves estimated net flows for the week at positive E30.1bln, more than cancelling out this week’s negative E26.2bln.