Arab Today, arab today germany to borrow 250 bn euros from markets in 2012
Last Updated : GMT 17:31:01
Arab Today, arab today
Arab Today, arab today

Germany to borrow 250 bn euros from markets in 2012

Arab Today, arab today

Arab Today, arab today Germany to borrow 250 bn euros from markets in 2012

Frankfurt - AFP

Germany intends to borrow up to 250 billion euros ($329 billion) from the markets in 2012, less than this year\'s level, the government\'s financing agency said on Wednesday. \"The annual preview of government issuance in 2012 contains one-off issues with a total volume of 250 billion euros, which will serve to finance the federal government budget and the special funds of the federal government in 2012,\" the agency said in a statement. In 2011, Germany had initially planned to raise 302 billion euros before revising the figure downward to 275 billion euros, with two-thirds coming from the bond market and one-third from the money market. The fresh money borrowed will be used to repay the country\'s debts and the interest on them, the agency said. Germany, Europe\'s top economy, has more than 2.0 trillion euros in debt or more than 80 percent of its gross domestic product, resulting in interest charges of tens of billions of euros annually. It benefits from lower borrowing rates compared to many of its partners in the eurozone, which have been hit hard by sinking investor confidence. However market volatility has taken its toll. Investors shunned a November auction of German 10-year bonds, considered the gold standard of eurozone debt, in a development that sent shock waves through the single currency area. But it had better luck with an issue of two-year treasury notes this month which saw strong demand and brought in more than four billion euros. In its breakdown of government borrowing, the agency said it would continue issuing treasury discount papers or \"Bubills\" on a six-month basis (four billion euros) and a 12-month basis (three billion euros) next year. New federal treasury notes with two-year maturity known as \"Schaetze\" will be auctioned in February, May, August and November, with an outstanding volume for each note set at 15 billion euros. Five-year federal notes or \"Bobls\" will also continue with three new series with a volume of four billion euros. Reopenings of the note are planned for February, March and April with a total volume of 15 billion euros. Another series will be issued in May and September with a volume of five billion euros each. Federal bonds with a 10-year maturity, known as \"Bunds\", are planned in 2012 with a total outstanding volume of 20 billion euros. Thirty-year Bunds will have a total outstanding volume of 15 billion euros. \"Depending on the funding requirements and liquidity situations of the federal government, as well as on the market situation, the amounts and issue dates in the annual preview remain subject to change,\" the agency said. \"However the federal government intends to adhere to the announced issuance calendar as far as possible in order to provide market participants with a sound basis for their investment decisions.\"  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today germany to borrow 250 bn euros from markets in 2012 Arab Today, arab today germany to borrow 250 bn euros from markets in 2012

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday