EUROZONE ISSUANCE: EGB Supply Daily

Slovakia is likely to hold a 10-year syndication today Germany will come to the market with a LT Bund auction. Italy will look to hold a BTP-ST/BTPei auction tomorrow while Finland and the Netherlands will look to hold ORI auctions later this week. Already this week, Italy held a syndication while Slovakia and Germany held auctions. We look for gross issuance of E24.4bln in the week, down from E42.3bln last week. We expect to receive Q4 funding updates from Germany (tomorrow) and Italy. For the full document with a recap of issuance so far this week, a look ahead to issuance through the rest of this week and next week and a summary of upcoming syndication expectations click here.: * Slovakia is likely to hold a syndication today for a new 10-year Sep-36 SlovGB (ISIN: TBC), subject to market conditions following a mandate yesterday. * We had noted in our EGB Daily that following the 3.625% Jun-33 SlovGB (ISIN: SK4000023230) reaching terminal size at auction on Monday, that there would not be no SlovGBs available left to tap maturing between the 2.50% Jun-29 and the 3.625% Nov-37 SlovGB. Hence, we expected a syndication to bridge this gap - although we had pencilled this in for Octob