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Germany to Sell Record Debt of Up to $576 Billion in 2021

  • Government borrowing surging to help tackle coronavirus crisis
  • Finance agency to sell debut 30-year green bond next year
Spending to alleviate the fallout from the pandemic will exceed federal income and swell net new debt to about 180 billion euros next year.

Spending to alleviate the fallout from the pandemic will exceed federal income and swell net new debt to about 180 billion euros next year.

Photographer: Peter Juelich /Bloomberg
Updated on

Germany will sell a record amount of federal debt in 2021 to help prop up the economy in the second year of the coronavirus crisis.

Europe’s benchmark issuer plans to sell as much as 471 billion euros ($576 billion) in bonds and bills, easily exceeding a previous high of 407 billion euros sold this year, according to the Federal Finance Agency’s provisional calendar published Thursday.