By Emese Bartha
FRANKFURT--The German Finance Agency slightly reduced its government debt issuance plans in the fourth quarter compared with the preliminary plans it published in December, it said in its quarterly funding review on Tuesday.
The overall reduction is 4 billion euros ($4.69 billion), of which EUR1 billion will affect government bonds and EUR3 billion will affect Treasury bills, it said.
Regarding the government bonds, the Finance Agency has lowered the offer volume of the May 2036 Bund at auctions scheduled for Oct. 27 and Nov. 24, to EUR2 billion from EUR2.5 billion each, it said.
The three Treasury bill auctions affected by a EUR1 billion offer volume cut each are those on Nov. 22, Nov. 29 and Dec. 13, the Finance Agency said.
The agency said, in total, this year's borrowing is just EUR500 million higher than announced in the annual forecast in December.
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(END) Dow Jones Newswires