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
1-Aug-23 1000 UK GBP4bln 3.50% Oct-25 Gilt Re-open
2-Aug-23 1030 Germany E750mln 0% May-36 Bund Re-open
2-Aug-23 1030 Germany E1.25bln 1.00% May-38 Bund Re-open
3-Aug-23 0930 Spain TBA 31-Jul Bono/Olbi TBA 28-Jul
3-Aug-23 0930 Spain TBA 31-Jul ObliEi TBA 28-Jul
3-Aug-23 0950 France TBA 28-Jul LT OATs TBA 28-Jul
4-Aug-23 1100 Belgium TBA 3-Aug ORI Facility TBA 3-Aug
7-Aug-23 1445 UK GBP790mln Long APF Sales (20y+)
8-Aug-23 1000 Austria TBA 3-Aug RAGB TBA 3-Aug
8-Aug-23 1000 UK TBA 1-Aug 0.125% Mar-39 linker Re-open
8-Aug-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
9-Aug-23 1000 UK TBA 2-Aug 3.25% Jan-33 Gilt Re-open
9-Aug-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
9-Aug-23 1030 Portugal TBA Potential OT auction TBA 4-Aug
14-Aug-23 1445 UK GBP790mln Short APF Sales (3y-7y)
15-Aug-23 1000 UK TBA 8-Aug 1.125% Jan-39 Gilt Re-open
15-Aug-23 1030 Germany E5.5bln 3.10% Sep-25 Schatz Re-open
16-Aug-23 1030 Germany E1.5bln 0% Aug-52 Bund Re-open
16-Aug-23 1030 Germany E1bln 30-year Bund TBA 8-Aug
17-Aug-23 0930 Spain TBA 14-Aug Bono/Olbi TBA 11-Aug
17-Aug-23 0950 France TBA 11-Aug MT OATs TBA 11-Aug
17-Aug-23 1050 France TBA 11-Aug IL OATs TBA 11-Aug
17-Aug-23 1100 Finland TBA 16-Aug ORI Facility TBA 16-Aug
21-Aug-23 1100 Belgium TBA 18-Aug Conventional auction TBA 15-Aug
21-Aug-23 1445 UK GBP790mln Medium APF Sales (7y-20y)
22-Aug-23 1000 UK TBA 15-Aug 0.75% Nov-33 linker Re-open
23-Aug-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
23-Aug-23 1030 Portugal TBA Potential OT auction TBA 18-Aug
25-Aug-23 1000 Italy TBA 22-Aug BTP Short Term TBA 22-Aug
28-Aug-23 1030 EU TBA 23-Aug EU-bond auction TBA 23-Aug
29-Aug-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
30-Aug-23 1000 Italy TBA 25-Aug 5-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA 25-Aug 10-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA 25-Aug CCTeu TBA 25-Aug
30-Aug-23 1030 Germany TBA 25-Aug Green auction TBA 25-Aug
1-Sep-23 1100 Belgium TBA 31-Aug ORI Facility TBA 31-Aug
5-Sep-23 1000 Austria TBA 31-Aug RAGB TBA 31-Aug
5-Sep-23 1030 Germany TBA 31-Aug Index-linked Bund TBA 31-Aug
6-Sep-23 1000 UK TBA 30-Aug 4.50% Jun-28 Gilt Re-open
6-Sep-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
6-Sep-23 1030 Portugal TBA Potential OT auction TBA 1-Sep
7-Sep-23 0930 Spain TBA 4-Sep Bono/Olbi TBA 1-Sep
7-Sep-23 0930 Spain TBA 4-Sep ObliEi TBA 1-Sep
7-Sep-23 0950 France TBA 1-Sep LT OATs TBA 1-Sep
11-Sep-23 1445 UK GBP790mln Short APF Sales (3y-7y)
W/C 11-Sep ---- EU TBA EU-bond syndication
12-Sep-23 0900 Netherlands TBA 6-Sep Existing DSL auction TBA 6-Sep
12-Sep-23 1000 UK TBA 5-Sep 0.125% Mar-51 linker Re-open
12-Sep-23 1030 Germany E5.5bln 3.10% Sep-25 Schatz Re-open
13-Sep-23 1000 Italy TBA 8-Sep 3-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 8-Sep 7-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 8-Sep 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 1.80% Aug-53 Bund Re-open
13-Sep-23 1030 Germany E1bln 15/30-year Bund TBA 5-Sep
14-Sep-23 1000 Ireland TBA 11-Sep IGB TBA 11-Sep
18-Sep-23 1000 Slovakia TBA SlovGB TBA 11-Sep
18-Sep-23 1100 Belgium TBA 15-Sep Conventional auction TBA 12-Sep
18-Sep-23 1445 UK GBP790mln Medium APF Sales (7y-20y)
19-Sep-23 1000 UK TBA 12-Sep 3.75% Oct-53 Gilt Re-open
19-Sep-23 1100 Finland E1.0-1.5bln RFGB TBA 15-Sep
20-Sep-23 1000 Greece TBA 19-Sep GGB TBA 19-Sep
20-Sep-23 1030 Portugal TBA Potential OT auction TBA 15-Sep
21-Sep-23 0930 Spain TBA 18-Sep Bono/Olbi TBA 15-Sep
21-Sep-23 0950 France TBA 15-Sep MT OATs TBA 15-Sep
21-Sep-23 1050 France TBA 15-Sep IL OATs TBA 15-Sep
25-Sep-23 1030 EU TBA 20-Sep EU-bond auction TBA 20-Sep
25-Sep-23 1445 UK GBP790mln Long APF Sales (20y+)
26-Sep-23 0900 Netherlands E1.5-2.5bln 2.50% Jul-33 DSL Re-open
26-Sep-23 1000 Italy TBA 21-Sep BTP Short Term TBA 21-Sep
26-Sep-23 1000 Italy TBA 21-Sep 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 E4bln 2.60% Aug-33 Bund Re-open
28-Sep-23 1000 Italy TBA 25-Sep 5-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA 25-Sep 10-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA 25-Sep CCTeu TBA 25-Sep
3-Oct-23 1000 Austria TBA 28-Sep RAGB TBA 28-Sep
3-Oct-23 1000 UK TBA Conventional auction
4-Oct-23 1000 UK TBA Conventional auction
4-Oct-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
5-Oct-23 0930 Spain TBA 2-Oct Bono/Olbi TBA 29-Sep
5-Oct-23 0930 Spain TBA 2-Oct ObliEi TBA 29-Sep
5-Oct-23 0950 France TBA 29-Sep LT OATs TBA 29-Sep
W/C 9-Oct ---- EU TBA EU-bond syndication
10-Oct-23 0900 Netherlands TBA Potential DSL auction
10-Oct-23 1000 UK TBA I/L gilt
10-Oct-23 1030 Germany TBA 5-Oct 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 E1bln 30-year Bund TBA 3-Oct
11-Oct-23 1030 Portugal TBA Potential OT auction TBA 6-Oct
12-Oct-23 1000 Italy TBA 9-Oct 3-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 9-Oct 7-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 9-Oct 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 1000 Greece TBA 17-Oct GGB TBA 17-Oct
18-Oct-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
19-Oct-23 0930 Spain TBA 16-Oct Bono/Olbi TBA 13-Oct
19-Oct-23 0950 France TBA 13-Oct MT OATs TBA 13-Oct
19-Oct-23 1050 France TBA 13-Oct IL OATs TBA 13-Oct
23-Oct-23 1030 EU TBA 18-Oct EU-bond auction TBA 18-Oct
23-Oct-23 1100 Belgium TBA 20-Oct 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 20-Oct BTP Short Term TBA 20-Oct
25-Oct-23 1000 Italy TBA 20-Oct 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 E1bln 15-year Bund TBA 17-Oct
25-Oct-23 1030 Portugal TBA Potential OT auction TBA 20-Oct
26-Oct-23 1100 Finland TBA 25-Oct ORI Facility TBA 25-Oct
31-Oct-23 1000 Italy TBA 26-Oct 5-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA 26-Oct 10-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA 26-Oct CCTeu TBA 26-Oct
31-Oct-23 1030 Germany TBA 26-Oct Green auction TBA 26-Oct
1-Nov-23 1000 UK TBA Conventional auction
1-Nov-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
2-Nov-23 0930 Spain TBA 30-Oct Bono/Olbi TBA 27-Oct
2-Nov-23 0930 Spain TBA 30-Oct ObliEi TBA 27-Oct
2-Nov-23 0950 France TBA 27-Oct LT OATs TBA 27-Oct
3-Nov-23 1100 Belgium TBA 2-Nov ORI Facility TBA 2-Nov
7-Nov-23 1000 Austria TBA 2-Nov RAGB TBA 2-Nov
7-Nov-23 1000 UK TBA Conventional auction
7-Nov-23 1030 Germany TBA 2-Nov Index-linked Bund TBA 2-Nov
8-Nov-23 1030 Germany E4bln 2.60% Aug-33 Bund Re-open
8-Nov-23 1030 Portugal TBA Potential OT auction TBA 3-Nov
10-Nov-23 1000 Italy TBA 7-Nov 3-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 7-Nov 7-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 7-Nov 15-50-year BTP TBA 7-Nov
W/C 13-Nov ---- EU TBA EU-bond syndication
14-Nov-23 0900 Netherlands TBA Potential DSL auction
14-Nov-23 1030 Germany E5.5bln Dec-25 Schatz Re-open
15-Nov-23 1000 Greece TBA 14-Nov GGB TBA 14-Nov
15-Nov-23 1030 Germany E1bln 30-year Bund TBA 7-Nov
15-Nov-23 1030 Germany E1bln 30-year Bund TBA 7-Nov
16-Nov-23 0930 Spain TBA 13-Nov Bono/Olbi TBA 10-Nov
16-Nov-23 0950 France TBA 10-Nov MT OATs TBA 10-Nov
16-Nov-23 1050 France TBA 10-Nov IL OATs TBA 10-Nov
20-Nov-23 1000 Slovakia TBA SlovGB TBA 13-Nov
20-Nov-23 1100 Belgium TBA 17-Nov 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 E1bln On-the-run 15y Bund TBA 14-Nov
22-Nov-23 1030 Germany E1bln 15-year Bund TBA 14-Nov
22-Nov-23 1030 Portugal TBA Potential OT auction TBA 17-Nov
24-Nov-23 1000 Italy TBA 21-Nov BTP Short Term TBA 21-Nov
24-Nov-23 1000 Italy TBA 21-Nov BTPei TBA 21-Nov
27-Nov-23 1030 EU TBA 22-Nov EU-bond auction TBA 22-Nov
28-Nov-23 0900 Netherlands TBA Potential DSL auction
28-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1000 Italy TBA 24-Nov 5-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA 24-Nov 10-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA 24-Nov CCTeu TBA 24-Nov
29-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1030 Germany E4bln 2.60% Aug-33 Bund Re-open
5-Dec-23 1000 UK TBA I/L gilt
5-Dec-23 1030 Germany E5bln Dec-25 Schatz Re-open
6-Dec-23 1000 UK TBA Conventional auction
6-Dec-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
7-Dec-23 0930 Spain TBA 4-Dec Bono/Olbi TBA 1-Dec
7-Dec-23 0930 Spain TBA 4-Dec ObliEi TBA 1-Dec
7-Dec-23 0950 France TBA 1-Dec LT OATs TBA 1-Dec
7-Dec-23 1100 Finland TBA 6-Dec ORI Facility TBA 6-Dec
12-Dec-23 0900 Netherlands TBA Potential DSL auction
12-Dec-23 1000 Austria TBA 7-Dec RAGB Reserve date TBA 7-Dec
12-Dec-23 1000 UK TBA Conventional auction
13-Dec-23 1000 Italy TBA 7-Dec 3-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 7-Dec 7-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 7-Dec 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 11-Dec Bono/Olbi TBA 8-Dec
15-Dec-23 1100 Belgium TBA 14-Dec ORI Facility TBA 14-Dec
18-Dec-23 1000 Slovakia TBA SlovGB Reserve
27-Dec-23 1000 Italy TBA 20-Dec BTP Short Term TBA 20-Dec
28-Dec-23 1000 Italy TBA 21-Dec 5-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA 21-Dec 10-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA 21-Dec CCTeu TBA 21-Dec
4-Jan-24 0930 Spain TBA 1-Jan Bono/Olbi TBA 29-Dec
4-Jan-24 0930 Spain TBA 1-Jan ObliEi TBA 29-Dec
4-Jan-24 1000 UK TBA Conventional auction
9-Jan-24 1000 UK TBA Conventional auction
10-Jan-24 1000 UK TBA Conventional auction
11-Jan-24 1000 Italy TBA 8-Jan 3-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 8-Jan 7-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 8-Jan 15-50-year BTP TBA 8-Jan
16-Jan-24 1000 UK TBA Conventional auction
18-Jan-24 0930 Spain TBA 15-Jan 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 22-Jan BTP Short Term TBA 22-Jan
25-Jan-24 1000 Italy TBA 22-Jan BTPei TBA 22-Jan
30-Jan-24 1000 Italy TBA 25-Jan 5-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA 25-Jan 10-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA 25-Jan CCTeu TBA 25-Jan
6-Feb-24 1000 UK TBA Conventional auction
7-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
6-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
  • Cancelled auctions:
    • Italy has announced that it will not hold its MT/LT BTP auctions on 11 August or the BTPei auction on 25 August.
    • Slovakia has announced that it will not use its reserve auction on 21 August.
  • 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 has held its three planned new OLOs syndications for 2023: it launched the 10-year 3.00% Jun-33 OLO on 10 January, the 30-year 3.30% Jun-54 OLO on 15 February and the 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 (0.60% Jul-34 launched on 20 June).
  • Germany plans to hold a total of four syndications in 2023. It has already tapped the 1.80% Aug-53 Bund on 23 February, launched the 10-year 2.30% Feb-33 Green Bund on 25 April and launched the 30-year 1.80% Aug-53 Green Bund on 13 June. It plans one 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 Q3 issuance plans:
    • BTP Short-Term: Reopen 3.40% Mar-25 BTP Short Term (minimum E9bln outstanding already exceeded) and launch new BTP Short Term maturing 29 September 2025 (minimum E9bln outstanding).
    • 3-year BTP: Launch new 3.85% Sep-26 on 13 July (minimum E9bln outstanding).
    • 5-year BTP: Reopen 3.80% Aug-28 BTP (minimum outstanding E10bln may be exceeded after end-of-June auction).
    • 7-year BTP: Reopen 3.70% Jun-30 BTP (minimum outstanding E10bln already exceeded) and launch new 7-year BTP with maturity 15 November 2030 (minimum outstanding E10bln to be exceeded after end-of-June auction).
    • 10-year BTP: Reopen 4.35% Nov-33 BTP (minimum outstanding E10bln) and launch new 10-year BTP with maturity 1 March 2034 (minimum outstanding E10bln).
  • 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.

EZ/UK Bond Supply Calendar: UK to sell bonds next Tuesday

Last updated at:Jul-27 14:25By: Emil Lundh
Eurozone+ 1

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
1-Aug-23 1000 UK GBP4bln 3.50% Oct-25 Gilt Re-open
2-Aug-23 1030 Germany E750mln 0% May-36 Bund Re-open
2-Aug-23 1030 Germany E1.25bln 1.00% May-38 Bund Re-open
3-Aug-23 0930 Spain TBA 31-Jul Bono/Olbi TBA 28-Jul
3-Aug-23 0930 Spain TBA 31-Jul ObliEi TBA 28-Jul
3-Aug-23 0950 France TBA 28-Jul LT OATs TBA 28-Jul
4-Aug-23 1100 Belgium TBA 3-Aug ORI Facility TBA 3-Aug
7-Aug-23 1445 UK GBP790mln Long APF Sales (20y+)
8-Aug-23 1000 Austria TBA 3-Aug RAGB TBA 3-Aug
8-Aug-23 1000 UK TBA 1-Aug 0.125% Mar-39 linker Re-open
8-Aug-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
9-Aug-23 1000 UK TBA 2-Aug 3.25% Jan-33 Gilt Re-open
9-Aug-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
9-Aug-23 1030 Portugal TBA Potential OT auction TBA 4-Aug
14-Aug-23 1445 UK GBP790mln Short APF Sales (3y-7y)
15-Aug-23 1000 UK TBA 8-Aug 1.125% Jan-39 Gilt Re-open
15-Aug-23 1030 Germany E5.5bln 3.10% Sep-25 Schatz Re-open
16-Aug-23 1030 Germany E1.5bln 0% Aug-52 Bund Re-open
16-Aug-23 1030 Germany E1bln 30-year Bund TBA 8-Aug
17-Aug-23 0930 Spain TBA 14-Aug Bono/Olbi TBA 11-Aug
17-Aug-23 0950 France TBA 11-Aug MT OATs TBA 11-Aug
17-Aug-23 1050 France TBA 11-Aug IL OATs TBA 11-Aug
17-Aug-23 1100 Finland TBA 16-Aug ORI Facility TBA 16-Aug
21-Aug-23 1100 Belgium TBA 18-Aug Conventional auction TBA 15-Aug
21-Aug-23 1445 UK GBP790mln Medium APF Sales (7y-20y)
22-Aug-23 1000 UK TBA 15-Aug 0.75% Nov-33 linker Re-open
23-Aug-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
23-Aug-23 1030 Portugal TBA Potential OT auction TBA 18-Aug
25-Aug-23 1000 Italy TBA 22-Aug BTP Short Term TBA 22-Aug
28-Aug-23 1030 EU TBA 23-Aug EU-bond auction TBA 23-Aug
29-Aug-23 1030 Germany E4bln 2.40% Oct-28 Bobl Re-open
30-Aug-23 1000 Italy TBA 25-Aug 5-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA 25-Aug 10-year BTP TBA 25-Aug
30-Aug-23 1000 Italy TBA 25-Aug CCTeu TBA 25-Aug
30-Aug-23 1030 Germany TBA 25-Aug Green auction TBA 25-Aug
1-Sep-23 1100 Belgium TBA 31-Aug ORI Facility TBA 31-Aug
5-Sep-23 1000 Austria TBA 31-Aug RAGB TBA 31-Aug
5-Sep-23 1030 Germany TBA 31-Aug Index-linked Bund TBA 31-Aug
6-Sep-23 1000 UK TBA 30-Aug 4.50% Jun-28 Gilt Re-open
6-Sep-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
6-Sep-23 1030 Portugal TBA Potential OT auction TBA 1-Sep
7-Sep-23 0930 Spain TBA 4-Sep Bono/Olbi TBA 1-Sep
7-Sep-23 0930 Spain TBA 4-Sep ObliEi TBA 1-Sep
7-Sep-23 0950 France TBA 1-Sep LT OATs TBA 1-Sep
11-Sep-23 1445 UK GBP790mln Short APF Sales (3y-7y)
W/C 11-Sep ---- EU TBA EU-bond syndication
12-Sep-23 0900 Netherlands TBA 6-Sep Existing DSL auction TBA 6-Sep
12-Sep-23 1000 UK TBA 5-Sep 0.125% Mar-51 linker Re-open
12-Sep-23 1030 Germany E5.5bln 3.10% Sep-25 Schatz Re-open
13-Sep-23 1000 Italy TBA 8-Sep 3-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 8-Sep 7-year BTP TBA 8-Sep
13-Sep-23 1000 Italy TBA 8-Sep 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 1.80% Aug-53 Bund Re-open
13-Sep-23 1030 Germany E1bln 15/30-year Bund TBA 5-Sep
14-Sep-23 1000 Ireland TBA 11-Sep IGB TBA 11-Sep
18-Sep-23 1000 Slovakia TBA SlovGB TBA 11-Sep
18-Sep-23 1100 Belgium TBA 15-Sep Conventional auction TBA 12-Sep
18-Sep-23 1445 UK GBP790mln Medium APF Sales (7y-20y)
19-Sep-23 1000 UK TBA 12-Sep 3.75% Oct-53 Gilt Re-open
19-Sep-23 1100 Finland E1.0-1.5bln RFGB TBA 15-Sep
20-Sep-23 1000 Greece TBA 19-Sep GGB TBA 19-Sep
20-Sep-23 1030 Portugal TBA Potential OT auction TBA 15-Sep
21-Sep-23 0930 Spain TBA 18-Sep Bono/Olbi TBA 15-Sep
21-Sep-23 0950 France TBA 15-Sep MT OATs TBA 15-Sep
21-Sep-23 1050 France TBA 15-Sep IL OATs TBA 15-Sep
25-Sep-23 1030 EU TBA 20-Sep EU-bond auction TBA 20-Sep
25-Sep-23 1445 UK GBP790mln Long APF Sales (20y+)
26-Sep-23 0900 Netherlands E1.5-2.5bln 2.50% Jul-33 DSL Re-open
26-Sep-23 1000 Italy TBA 21-Sep BTP Short Term TBA 21-Sep
26-Sep-23 1000 Italy TBA 21-Sep 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 E4bln 2.60% Aug-33 Bund Re-open
28-Sep-23 1000 Italy TBA 25-Sep 5-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA 25-Sep 10-year BTP TBA 25-Sep
28-Sep-23 1000 Italy TBA 25-Sep CCTeu TBA 25-Sep
3-Oct-23 1000 Austria TBA 28-Sep RAGB TBA 28-Sep
3-Oct-23 1000 UK TBA Conventional auction
4-Oct-23 1000 UK TBA Conventional auction
4-Oct-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
5-Oct-23 0930 Spain TBA 2-Oct Bono/Olbi TBA 29-Sep
5-Oct-23 0930 Spain TBA 2-Oct ObliEi TBA 29-Sep
5-Oct-23 0950 France TBA 29-Sep LT OATs TBA 29-Sep
W/C 9-Oct ---- EU TBA EU-bond syndication
10-Oct-23 0900 Netherlands TBA Potential DSL auction
10-Oct-23 1000 UK TBA I/L gilt
10-Oct-23 1030 Germany TBA 5-Oct 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 E1bln 30-year Bund TBA 3-Oct
11-Oct-23 1030 Portugal TBA Potential OT auction TBA 6-Oct
12-Oct-23 1000 Italy TBA 9-Oct 3-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 9-Oct 7-year BTP TBA 9-Oct
12-Oct-23 1000 Italy TBA 9-Oct 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 1000 Greece TBA 17-Oct GGB TBA 17-Oct
18-Oct-23 1030 Germany E5bln 2.60% Aug-33 Bund Re-open
19-Oct-23 0930 Spain TBA 16-Oct Bono/Olbi TBA 13-Oct
19-Oct-23 0950 France TBA 13-Oct MT OATs TBA 13-Oct
19-Oct-23 1050 France TBA 13-Oct IL OATs TBA 13-Oct
23-Oct-23 1030 EU TBA 18-Oct EU-bond auction TBA 18-Oct
23-Oct-23 1100 Belgium TBA 20-Oct 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 20-Oct BTP Short Term TBA 20-Oct
25-Oct-23 1000 Italy TBA 20-Oct 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 E1bln 15-year Bund TBA 17-Oct
25-Oct-23 1030 Portugal TBA Potential OT auction TBA 20-Oct
26-Oct-23 1100 Finland TBA 25-Oct ORI Facility TBA 25-Oct
31-Oct-23 1000 Italy TBA 26-Oct 5-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA 26-Oct 10-year BTP TBA 26-Oct
31-Oct-23 1000 Italy TBA 26-Oct CCTeu TBA 26-Oct
31-Oct-23 1030 Germany TBA 26-Oct Green auction TBA 26-Oct
1-Nov-23 1000 UK TBA Conventional auction
1-Nov-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
2-Nov-23 0930 Spain TBA 30-Oct Bono/Olbi TBA 27-Oct
2-Nov-23 0930 Spain TBA 30-Oct ObliEi TBA 27-Oct
2-Nov-23 0950 France TBA 27-Oct LT OATs TBA 27-Oct
3-Nov-23 1100 Belgium TBA 2-Nov ORI Facility TBA 2-Nov
7-Nov-23 1000 Austria TBA 2-Nov RAGB TBA 2-Nov
7-Nov-23 1000 UK TBA Conventional auction
7-Nov-23 1030 Germany TBA 2-Nov Index-linked Bund TBA 2-Nov
8-Nov-23 1030 Germany E4bln 2.60% Aug-33 Bund Re-open
8-Nov-23 1030 Portugal TBA Potential OT auction TBA 3-Nov
10-Nov-23 1000 Italy TBA 7-Nov 3-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 7-Nov 7-year BTP TBA 7-Nov
10-Nov-23 1000 Italy TBA 7-Nov 15-50-year BTP TBA 7-Nov
W/C 13-Nov ---- EU TBA EU-bond syndication
14-Nov-23 0900 Netherlands TBA Potential DSL auction
14-Nov-23 1030 Germany E5.5bln Dec-25 Schatz Re-open
15-Nov-23 1000 Greece TBA 14-Nov GGB TBA 14-Nov
15-Nov-23 1030 Germany E1bln 30-year Bund TBA 7-Nov
15-Nov-23 1030 Germany E1bln 30-year Bund TBA 7-Nov
16-Nov-23 0930 Spain TBA 13-Nov Bono/Olbi TBA 10-Nov
16-Nov-23 0950 France TBA 10-Nov MT OATs TBA 10-Nov
16-Nov-23 1050 France TBA 10-Nov IL OATs TBA 10-Nov
20-Nov-23 1000 Slovakia TBA SlovGB TBA 13-Nov
20-Nov-23 1100 Belgium TBA 17-Nov 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 E1bln On-the-run 15y Bund TBA 14-Nov
22-Nov-23 1030 Germany E1bln 15-year Bund TBA 14-Nov
22-Nov-23 1030 Portugal TBA Potential OT auction TBA 17-Nov
24-Nov-23 1000 Italy TBA 21-Nov BTP Short Term TBA 21-Nov
24-Nov-23 1000 Italy TBA 21-Nov BTPei TBA 21-Nov
27-Nov-23 1030 EU TBA 22-Nov EU-bond auction TBA 22-Nov
28-Nov-23 0900 Netherlands TBA Potential DSL auction
28-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1000 Italy TBA 24-Nov 5-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA 24-Nov 10-year BTP TBA 24-Nov
29-Nov-23 1000 Italy TBA 24-Nov CCTeu TBA 24-Nov
29-Nov-23 1000 UK TBA Conventional auction
29-Nov-23 1030 Germany E4bln 2.60% Aug-33 Bund Re-open
5-Dec-23 1000 UK TBA I/L gilt
5-Dec-23 1030 Germany E5bln Dec-25 Schatz Re-open
6-Dec-23 1000 UK TBA Conventional auction
6-Dec-23 1030 Germany E3bln 2.40% Nov-30 Bund Re-open
7-Dec-23 0930 Spain TBA 4-Dec Bono/Olbi TBA 1-Dec
7-Dec-23 0930 Spain TBA 4-Dec ObliEi TBA 1-Dec
7-Dec-23 0950 France TBA 1-Dec LT OATs TBA 1-Dec
7-Dec-23 1100 Finland TBA 6-Dec ORI Facility TBA 6-Dec
12-Dec-23 0900 Netherlands TBA Potential DSL auction
12-Dec-23 1000 Austria TBA 7-Dec RAGB Reserve date TBA 7-Dec
12-Dec-23 1000 UK TBA Conventional auction
13-Dec-23 1000 Italy TBA 7-Dec 3-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 7-Dec 7-year BTP TBA 7-Dec
13-Dec-23 1000 Italy TBA 7-Dec 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 11-Dec Bono/Olbi TBA 8-Dec
15-Dec-23 1100 Belgium TBA 14-Dec ORI Facility TBA 14-Dec
18-Dec-23 1000 Slovakia TBA SlovGB Reserve
27-Dec-23 1000 Italy TBA 20-Dec BTP Short Term TBA 20-Dec
28-Dec-23 1000 Italy TBA 21-Dec 5-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA 21-Dec 10-year BTP TBA 21-Dec
28-Dec-23 1000 Italy TBA 21-Dec CCTeu TBA 21-Dec
4-Jan-24 0930 Spain TBA 1-Jan Bono/Olbi TBA 29-Dec
4-Jan-24 0930 Spain TBA 1-Jan ObliEi TBA 29-Dec
4-Jan-24 1000 UK TBA Conventional auction
9-Jan-24 1000 UK TBA Conventional auction
10-Jan-24 1000 UK TBA Conventional auction
11-Jan-24 1000 Italy TBA 8-Jan 3-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 8-Jan 7-year BTP TBA 8-Jan
11-Jan-24 1000 Italy TBA 8-Jan 15-50-year BTP TBA 8-Jan
16-Jan-24 1000 UK TBA Conventional auction
18-Jan-24 0930 Spain TBA 15-Jan 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 22-Jan BTP Short Term TBA 22-Jan
25-Jan-24 1000 Italy TBA 22-Jan BTPei TBA 22-Jan
30-Jan-24 1000 Italy TBA 25-Jan 5-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA 25-Jan 10-year BTP TBA 25-Jan
30-Jan-24 1000 Italy TBA 25-Jan CCTeu TBA 25-Jan
6-Feb-24 1000 UK TBA Conventional auction
7-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
6-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
  • Cancelled auctions:
    • Italy has announced that it will not hold its MT/LT BTP auctions on 11 August or the BTPei auction on 25 August.
    • Slovakia has announced that it will not use its reserve auction on 21 August.
  • 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 has held its three planned new OLOs syndications for 2023: it launched the 10-year 3.00% Jun-33 OLO on 10 January, the 30-year 3.30% Jun-54 OLO on 15 February and the 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 (0.60% Jul-34 launched on 20 June).
  • Germany plans to hold a total of four syndications in 2023. It has already tapped the 1.80% Aug-53 Bund on 23 February, launched the 10-year 2.30% Feb-33 Green Bund on 25 April and launched the 30-year 1.80% Aug-53 Green Bund on 13 June. It plans one 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 Q3 issuance plans:
    • BTP Short-Term: Reopen 3.40% Mar-25 BTP Short Term (minimum E9bln outstanding already exceeded) and launch new BTP Short Term maturing 29 September 2025 (minimum E9bln outstanding).
    • 3-year BTP: Launch new 3.85% Sep-26 on 13 July (minimum E9bln outstanding).
    • 5-year BTP: Reopen 3.80% Aug-28 BTP (minimum outstanding E10bln may be exceeded after end-of-June auction).
    • 7-year BTP: Reopen 3.70% Jun-30 BTP (minimum outstanding E10bln already exceeded) and launch new 7-year BTP with maturity 15 November 2030 (minimum outstanding E10bln to be exceeded after end-of-June auction).
    • 10-year BTP: Reopen 4.35% Nov-33 BTP (minimum outstanding E10bln) and launch new 10-year BTP with maturity 1 March 2034 (minimum outstanding E10bln).
  • 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.