By Ovunc Kutlu
ANKARA (AA) - Germany intends to issue fixed-income federal securities worth €403 billion ($457 billion) through auctions next year, according to a statement Thursday.
The plan includes €195 billion to be raised in the capital market and another €208 billion in the money market, said German Finance Agency, which is responsible for the country's borrowing and debt management.
In addition, inflation-linked federal securities in the amount of €6 billion to €8 billion are planned to be issued through auctions, it added.
"The issuance planning for 2022 is geared to the financing needs of the federal government and its special funds, which continue to be increased overall due to the ongoing pandemic situation," said the agency.