Last week, EGB supply from Belgium, Slovakia, Germany, Finland, France, Spain, Ireland and Italy amounted to EUR 38bn. Issuance activity was homogeneous across the curve. With respect to syndicated transactions, Italy sold EUR 5bn of the new BTPei 1.8% May36. Net supply was positive as redemptions amounted to EUR 8bn. In addition to EGB supply, the EU launched its new green EU Feb50 for EUR 7bn.