Germany Plans Record Bond Sales in 2021 to Help Stem Crisis
- Benchmark issuer to sell EU419 billion in bonds, bills in 2021
- Planned bonds slightly exceed EU418 billion slated this year
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Germany’s federal government plans to sell a record of almost 419 billion euros ($489 billion) in bonds and bills in 2021, as it maintains a spending splurge designed to put the economy back on track.
Europe’s benchmark issuer plans to sell 190 billion euros in bonds with a maturity over four years and 229 billion euros in debt with a shorter maturity, according to a draft of the 2021 budget published Friday on the Bundestag website.