Austrian debt issuance for 2021 to hit new record
By Reuters Staff 1 Min Read VIENNA, May 31 (Reuters) - Austria’s debt issuance for 2021 will surpass last year’s record as it will have to sell more bonds to cover the larger-than-expected budget deficit due to coronavirus lockdowns, its treasury said on Monday. In an update to its annual funding outlook, the Federal Financing Agency (OBFA), which refers to itself in English as the Austrian Treasury, increased its forecast for total issuance across all instruments to 65 billion-70 billion euros from the roughly 65 billion euros ($79 billion) announced in December. “(Last year) it came o...