By Emese Bartha
FRANKFURT--The German Finance Agency plans to raise EUR152 billion ($158.8 billion) in the capital markets in 2017 via nominal government bonds, it said Monday.
It also plans to issue inflation-linked bonds with a nominal value of between EUR6 billion and EUR10 billion, it said.
As part of the planned EUR152 billion in government bonds, the Finance Agency expects to issue EUR39 billion in the first quarter, EUR38 billion in the second quarter, EUR41 billion in the third quarter and EUR34 billion in the fourth quarter.
The median forecast of strategists in a Dow Jones' survey last week was for EUR143.5 billion in nominal and inflation-linked bonds, with forecasts ranging between EUR134 billion and EUR153 billion.The Finance Agency will conduct auctions for inflation-linked bonds on a monthly basis, except for August and December.
The German Finance Agency also plans to issue EUR20 million in Treasury bills.
Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
December 19, 2016 13:34 ET (18:34 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.