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Germany to issue additional 2 bln euros of bonds in Q3

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Germany to issue additional 2 bln euros of bonds in Q3

BERLIN, June 22 (Reuters) – Germany will difficulty 2 billion euros extra of bonds within the third quarter than beforehand deliberate to assist cowl prices associated to the coronavirus pandemic, the Federal Finance Company stated on Tuesday.

“The federal government’s issuance plan for the third quarter has been adjusted in comparison with the annual forecast revealed in December 2020 to cowl the elevated financing necessities of the federal authorities and its particular funds within the wake of the Covid-19 pandemic,” it stated in an announcement.

Extra changes to the issuance schedule could also be wanted within the fourth quarter, it added. (Reporting by Rene Wagner Writing by Madeline Chambers Enhancing by Riham Alkousaa)

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