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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