Ach du lieber Himmel! Germany lines up return to syndications as funding needs boom
Germany’s Finanzagentur has outlined plans to sell its first syndicated bonds since 2015, with a new 15 year in May and a reopening of an existing 30 year bond in June. It said further syndications could follow in the second half of the year as it comes to terms with a much bigger funding programme in response to the Covid-19 crisis.
The Finanzagentur said a new May 2035 bond will be syndicated next month, which will be increased for an additional €2.5bn via auction in June. Meanwhile, the sovereign will increase the size of its outstanding August 2050 bond via syndication in June.Germany’s decision to syndicate those maturities ...
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