Reuters: German finance agency upsizes bond to ease repo market tension

Germany will increase the volume of its outstanding bond due March 2024 by 2.5 billion euros to ease a shortage of the bond in the overnight lending market, the country’s finance agency said on Thursday.

The volume will be increased by reopening the bond, using the agency’s own holdings, Effective from Thursday, the move will raise the total outstanding on the bond to 8.5 billion euros, the agency, which manages Germany’s debt, said.

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