MNI EGB Supply Daily - 9 January, 2026

Slovenia, Belgium, Italy and Portugal all held syndications this week while Germany, Spain and France kicked off auction issuance for the year. We pencil in issuance of E66.9bln for the week, after last week saw no scheduled operations amid the holiday period. See our full January syndication expectations on page 3 of the PDF.

For the full document with a recap of issuance so far this week, a look ahead to issuance next week, a summary of January syndication expectations and summaries of 2026 funding plans click here.

• The EU is scheduled to hold a syndication in the W/C 12 January while the EFSF has sent an RFP for a syndicated transaction. In addition, the Netherlands, Austria, Italy, Germany, Portugal and Spain will be looking to hold auctions during the week. We pencil in issuance of E58.8bln for the week. We pencil in syndications from Austria, Ireland and Greece. There is also a chance of a French syndication.