Germany, France, Spain and perhaps Greece to sell bonds next week

12 Jul, 2019

LONDON: Germany, France and Spain are scheduled to hold bond auctions in the euro area next week, with a new syndicated bond deal from Greece also anticipated.

* On Wednesday, Germany is expected to sell 1 billion euros of 30-year bonds. The auction is likely to be in focus after weak demand at a sale of 10-year bonds earlier this week.

* France on Thursday is set to auction up to 8.75 billion euros of bonds maturing in 2022 and 2025. It is also expected to sell 1-1.5 billion euros of bonds linked to French and euro zone inflation.

* Spain is also expected to hold a bond auction on Thursday. According to Commerzbank, Spain is likely to sell around 4 billion euros of government debt.

* Greece meanwhile is tipped to sell bonds via a syndicate of banks, as early as next week, to take advantage of low yields.

Copyright Reuters, 2019

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