Germany’s finance agency said on Wednesday it had increased the size of the outstanding bonds on its own account to lend to investors in return for cash, helping cover financing needs arising from the energy crisis.
The finance agency, which manages Germany’s debt, will increase the size of 18 bonds by 3 billion euros each, totalling 54 billion euros ($53.00 billion), on its own books to use in the market for repurchase agreements, or repos, where it lends bonds to investors in return for cash.
The full article is available at https://www.reuters.com/markets/rates-bonds/germany-upsizes-54-bln-euros-bonds-use-repo-market-help-fund-energy-spending-2022-10-19/