September 19, 2019 / 8:07 AM / 2 months ago

Germany cuts fourth-quarter debt issuance plans by 1 billion euros

BERLIN (Reuters) - Germany’s debt agency on Thursday cut its debt issue plans for the fourth quarter by 1 billion euros ($1.11 billion), saying that the federal government’s financing requirements had declined since the start of the year.

The debt agency said it was reducing the issue volume of a 5-year Bobl set for a top-up auction on Oct. 2 by 1 billion euros to 3 billion euros.

That means the debt agency now intends to issue 196 billion euros of debt in 2019 as a whole, down from the 197 billion euros it had previously planned.

Reporting by Michelle Martin; Editing by Madeline Chambers

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below