Germany to cut debt issuance by seven billion euros in Q4: debt agency
- Top 10 News for 9/19 - 9/23: Twitter on the Auction Block; Allergan Bolsters NASH Effort; Microsoft Returns Value
- Wall Street falls as energy lags; shares post gains on week
- Rumored Forever, Twitter (TWTR) May Have Finally Put the 'For Sale' Sign Up
- Facebook (FB) Shares Under Pressure on Reports Video Ad Metrics Were Artificially Inflated
- Brookfield Infrastructure (BIP)-Led Consortium to Take Controlling Stake in Petrobras' (PBR) NTS for $5.2B
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
BERLIN (Reuters) - Germany's debt agency said on Tuesday that it would issue 7 billion euros less of debt in the fourth quarter than it had planned in December.
The debt agency said it would now issue 25 billion euros of capital market instruments in the October-December period, 1 billion euros less than it had planned in December.
It said it would issue 2 billion euros of money market instruments in the fourth quarter, amounting to 6 billion euros less than previously expected.
Two inflation-linked bonds will be auctioned in the fourth quarter, the agency said. It added that it would cancel auctions of 6 and 12-month debt that had been due to take place on Oct. 24, Nov. 14 and Nov. 21.
The German government's coffers have been boosted by surging tax revenues and Germany posted a record budget surplus in the first half of this year.
(Reporting by Michelle Martin; Editing by Caroline Copley)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IMF urges BOJ to clarify policy guidance, strengthen communication
- From prairie to the White House: Inside a Tribe's quest to stop a pipeline
- Baseball world mourns boating death of Miami Marlins star Fernandez
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!