FRANKFURT (MNI) – The German government has confirmed its bond and
bill issuance for the fourth quarter of this year at about a combined
E52 billion, the country’s Federal Finance Agency reported on Tuesday.
Germany will thus issue E35 billion in capital market instruments
in Q4, and E17 billion in money market instruments, both as initially
reported late last year.
The first capital market issuance for next quarter comes October
10, when Germany’s October 2017 Bobl is scheduled to be tapped for
around E4 billion. Germany first launched this security on September 12
with a coupon rate of 0.5%. Further topups are scheduled for November 7
(around E4 billion) and November 28 (around E3 billion).
One week after the first Bobl tap for this quarter comes an
increase in the September 2014 Schatz of around E5 billion. This
security was initially launched on August 22 with a coupon of 0.0%.
A E4 billion topup of Germany’s September 2022 Bund is penciled in
for October 24. This 10-year security was first launched on September 5
for E5 billion. A E4 billion top-up is to come November 21.
On October 31, Germany will top up its July 2044 Bund for about E2
billion, down from the E3 billion tap back on July 25.
The first initial capital market offering scheduled for the coming
quarter comes on November 14, when the German Finance Agency will launch
a new Schatz for E5 billion. The security will be topped up for the
first time on December 5 by E4 billion.
The debt agency is scheduled to release its calendar for 2013,
along with a detailed issuance breakdown for the first quarter, in the
second half of December.
–Frankfurt bureau: +49-69-720 142; email: frankfurt@marketnews.com —
[TOPICS: M$G$$$,M$$FI$,MFXBO$,MGX$$$]
