By Emese Bartha
Austria's gross government bond issuance will decline in 2025 from 2024, the Austrian Treasury said in its borrowing plans for next year on Thursday.
The treasury expects to issue between 43 billion euros and 47 billion euros ($45.14 billion-$49.34 billion) in government bonds in 2025, below this year's volume of around 49 billion euros, it said.
The stock of short-term debt instruments, or treasury bills, is expected to increase by between 2 billion and 4 billion euros next year from an estimated 22.2 billion euros at the end of 2024, the treasury said.
Three syndicated euro-denominated transactions for government bonds are expected next year, in line with this year.
Issuance in green instruments, whereby the proceeds will be used for specific environmental projects, will exceed 6 billion euros in 2025, including up to 20% in green short-term instruments like treasury bills, the treasury said. This year's green issuance will be around 6.2 billion euros.
The actual green issuance volume depends on available green expenditures from the execution of the 2024 budget and on the estimated green expenditures in 2025, which will be finalized until the second quarter, it said.
The treasury plans monthly government bond auctions, in line with its practice in previous years. The treasury bill auctions are also planned on a monthly basis but the auction in December remains a reserve date, the treasury said.
Write to Emese Bartha at emese.bartha@wsj.com
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