German Finance Agency Plans EUR147 Billion Capital Market Issuance in 2018
The German Finance Agency plans to issue 147 billion euros ($173.2 billion) in fixed-rate capital market instruments and a further EUR6 billion to EUR10 billion in inflation-linked bonds in 2018, it said Tuesday.
The Finance Agency also plans a further EUR36 billion money-market issuance, it said.
In its quarterly breakdown, the Finance Agency has penciled in capital-market issuance of EUR40.5 billion in the first quarter, EUR34.5 billion in the second quarter, EUR43 billion in the third quarter and EUR29 billion in the fourth quarter.
It plans to launch four new series of treasury notes (Schatz), two new series of federal notes (Bobl) and two new 10-year bunds, it said.
The Finance Agency is considering offering two linkers simultaneously at certain auctions next year.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
December 19, 2017 04:14 ET (09:14 GMT)