EUROZONE T-BILL ISSUANCE: W/C September 21

Greece and Italy are still due to sell bills this week, while Germany, the Netherlands, France and Austria have already come to the market. We expect issuance of E25.9bln, up from E18.2bln last week. * This morning, Greece will look to issue E400mln of the new 26-week Mar 24, 2027 GTB. * Finally on Friday morning, Italy will look to sell E7.5bln of the new 6-month Mar 31, 2027 BOT