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German Government to Issue 440 Billion Euros in Federal Securities

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Frankfurt, Germany – The German federal government has announced its plan to issue approximately 440 billion euros ($480.68 billion) in federal securities in 2024, according to the German Finance Agency. The funding plan for next year includes the issuance of conventional bonds through auctions amounting to 247.5 billion euros, as well as the sale of treasury bills worth 165 billion euros on the money market.

In addition to these financing activities, the Finance Agency also intends to introduce green bonds worth 17 to 19 billion euros in 2024. Moreover, syndicated transactions will be conducted for the issuance of up to 12 billion euros, including a transaction in the green bond segment.

To ensure a smooth process, the agency has scheduled monthly auctions for green bonds, with the exception of June and December. It is also considering the possibility of conducting multi-tranche auctions within the 10 monthly auctions for green bonds.

As part of its plans, the German Finance Agency will hold an auction for a new green federal note, or green Bobl, while also reopening a green bond from a longer maturity segment through a syndicated transaction.

For more information, please contact Emese Bartha.

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