BERLIN: Germany plans to cut federal debt issuance to 250 billion euros in 2013 from 255 bln in 2012, the country's debt agency said on Thursday, adding that it would also issue the first common bond between regional states and the federal government.
The debt agency said it planned to issue 173 billion euros in longer-term capital market instruments and 77 billion euros in money market instruments next year, as well as the so-called "Deutschland bond".
"The Federal Government intends to issue a nominal Bond in cooperation with the German federal states in 2013," the agency said in a statement.
It added however, that the liability of each participant in the bond would be limited to its share of the nominal value, meaning the federal govenrment would not be providing guarantees to the states.
The agency also expects to issue between 8 and 12 billion euros in inflation-linked securities, and reserved the right to take out special securitized loans.
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