Germany to issue 2.5 bln euro more debt in Q2 than planned
Germany plans to issue €2.5 billion ($2.9 billion) more debt in the second quarter than originally planned, the country’s debt agency said on Tuesday.
The debt is to fund spending to tackle the coronavirus pandemic that has battered the economy.
READ THIS ALSO: China slows down lending to African nations on fear of defaults
The issue volume of the 30-year federal bond will be topped up by €0.5 billion to €1.5 billion on April 14, the statement said.
The volume of the federal bond “Series 183” will be raised by one billion to four billion euros on June 2.
The volume of the 7-year federal bond will also be lifted by one billion to four billion euros on June 8.