Published by Global Banking & Finance Review®
Posted on March 23, 2026
2 min readLast updated: March 23, 2026
Add as preferred source on Google
Germany’s Federal Finance Agency confirmed on March 23, 2026, that its debt issuance plan for Q2 remains unchanged from the December forecast. The country aims to issue around €512 billion in securities in 2026—€318 billion via capital market auctions and €176 billion via money market operations.
BERLIN, March 23 (Reuters) - Germany's debt issuance plan for the second quarter of 2026 remains unchanged from its December forecast, the Federal Finance Agency said on Monday.
In the second quarter, the agency responsible for Germany's debt plans to raise 115.5 billion euros ($133.15 billion) through the sale of federal bonds to investors, it said.
Under the existing plan, the government intends to issue a record-high sum of around 512 billion euros ($600 billion) in securities this year due to increased debt-financed investments in infrastructure and defence.
"The federal government plans to execute the planned issuance to the largest extent possible in order to provide market participants with a reliable orientation for their investment decisions," said the agency in a statement.
The sell-off in government bonds in response to the Iran war has driven up yields in recent weeks. German 10-year government bond yields hit their highest since the euro zone crisis in 2011 on Friday.
Germany is a sought-after issuer due to its AAA credit rating from the major rating agencies, which signals an extremely low default risk.
The agency said the next update or confirmation of its issuance plan for the third quarter will be published in June.
($1 = 0.8675 euros)
(Reporting by Rene Wagner, writing by Miranda Murray, editing by Thomas Seythal)
Germany's debt issuance plan for the second quarter of 2026 remains unchanged from its December forecast, aiming for around 512 billion euros in securities for the year.
Germany aims to raise 318 billion euros on the capital market in 2026 through auctions.
Germany plans to raise a further 176 billion euros on the money market in 2026, also via auctions.
The next update or confirmation of Germany's debt issuance plan for the third quarter will be published in June.
Explore more articles in the Finance category
