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Germany reduced its planned debt issuance for the fourth quarter by EUR 17 billion to EUR 59 billion, the Federal Finance Agency announced Thursday.
"This adjustment of the issuance planning is based on the improved funding conditions and the reduced borrowing requirements of the Financial Market Stabilization Fund", the agency said.
Germany will sell capital market instruments of EUR 33 billion and money market instruments worth EUR 26 billion in the fourth quarter. Earlier, it had planned to issue EUR 76 billion debt in the fourth quarter.
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