21 May- 01 Jun 2012

Date
May 21May 21 May 21 May 21 May 21 May 22 May 22 May 22 May 23 May 23 May 23 May 23 May 24 May 24 May 24 May 25 May 28May 28 May 29 May 29 May 29 May 30 May 30

Time
n/a 09:10 09:30 10:00 10:00 08:30 08:30 17:00 09:10 09:30 14:30 17:00 00:30 15:30 17:00 15:30 n/a 09:10 00:30 09:10 09:10 09:10 09:10

Country
EFSF Norway Germany Belgium EFSF Holland Spain US Sweden Germany Sweden US Japan Italy US Italy UK Italy Japan Italy Norway Italy Sweden

Auction
Bond syndication (details tba) Nok 6.0bn 2.0% May 2023 Bond Eur 3.0bn new May 2013 (12M) Bubill Eur 2.0-3.0bn 3.5% Jun 2017, 4.25% Sep 2022 & 4.5% Auctions up to Eur 1.5bn Nov 2012 (6M) T-bills Eur 2.5-3.5bn 0.75% Apr 2015 DSL auction 3 & 6M T-bill auction Usd 35bn 2Y Notes Sek 10.0bn Aug 2012 (3M) T-bills Eur 5.0bn new Jun 2014 Schatz Details nominal bond auction on May 30 Usd 35bn 5Y Notes Auctions 20Y JGBs Details CTZ/BTPei on May 28 & BOT on May 29 Usd 29bn 7Y Notes Details BTP/CCTeu auction on May 30 0.375% 2026 I/L Gilt syndication Auctions CTZ/BTPei Auctions 2Y JGBs BOT auction T-bill auction BTP/CCTeu auction Nominal bond auction

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Contacts
Brussels Research (KBC) Piet Lammens Peter Wuyts Didier Hanesse Joke Mertens Mathias van der Jeugt Dublin Research Austin Hughes Prague Research (CSOB) Jan Cermak Jan Bures Petr Baca Bratislava Research (CSOB) Marek Gabris Warsaw Research (CSOB) Budapest Research (CSOB) Gyorgy Barcza +32 2 417 59 41 +32 2 417 32 35 +32 2 417 59 43 +32 2 417 30 59 +32 2 417 51 94 +353 1 6646892 +420 2 6135 3578 +420 2 6135 3574 +420 2 6135 3570 +421 2 5966 8809 Global Sales Force Brussels Corporate Desk Commercial Desk Institutional Desk London Frankfurt Paris New York Singapore Prague Bratislava Budapest Warsaw Moscow +32 2 417 45 82 +32 2 417 53 23 +32 2 417 46 25 +44 207 256 4848 +49 69 756 19372 +33 153 89 83 15 +1 212 541 06 97 +65 533 34 10 +420 2 6135 3535 +421 2 5966 8436 +36 1 328 99 63 +48 22 634 5210 +7 495 7777 164

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This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.

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