Germany Raises Debt Issuance in 4Q
September 28 2022 - 4:29AM
Dow Jones News
By Emese Bartha
The German government's debt issuance will increase by 22.5
billion euros ($21.59 billion) in the fourth quarter of 2022
compared to the forecast published in December, the German Finance
Agency said in its quarterly funding review on Wednesday.
"The expansion of the issuing activities is due to the Federal
government's measures to address the energy crisis," the Finance
Agency said.
Capital market issuance will increase by EUR10.5 billion to
EUR47.5 billion in the October-December period, while money market
issuance will rise by EUR12 billion to EUR59 billion, it said.
As regards additional government bond issuance, the Finance
Agency will issue a new seven-year Bund maturing in November 2029
with a EUR4 billion offer volume at an auction on Oct. 18 and will
reopen it with a EUR4 billion volume on Nov. 15, the Finance Agency
said.
Besides the new issue, the Finance Agency will tap an existing
green bond additionally, and will increase the offer volume of two
other bonds, it said.
Accordingly, the offer volume of the October 2027 Bobl at an
auction on Oct. 25 will be increased by EUR1 billion to EUR4
billion; while the offer volume of the May 2038 Bund at an auction
on Nov. 16 will rise to EUR1.5 billion from EUR1 billion, the
Finance Agency said.
On Nov. 2, August 2031 green Bund will be tapped for a EUR1
billion volume.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
September 28, 2022 04:14 ET (08:14 GMT)
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