Germany Boosts Debt Sales to Record in Spending Push
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The highway bridge construction site on the closed A45 highway near Luedenscheid, Germany, earlier this year.Germany will increase federal debt sales by a fifth next year to a record €512 billion ($601 billion) to fund a spending splurge aimed at fixing its crumbling infrastructure and modernizing its armed forces.The country’s Frankfurt-based finance agency, which manages government debt, plans to sell about €318 billion in securities on the capital markets through auctions and €176 billion via the money market, according to a statement published Thursday. Green bonds with a volume of between €16 billion and €19 billion will also be issued.