German government plans to issue 250 billion euros (329 billion U.S. dollars) of debt in 2012, down from 275 billion euros in 2011, the country's financing agency said Wednesday.
"The annual preview of government issuance in 2012 contains one-off issues with a total volume of 250 billion euros, which will serve to finance the federal government budget and the special funds of the federal government in 2012," the agency said in a statement.
The Frankfurt-based agency said it planned to sell 170 billion euros in bonds and 80 billion euros in shorter maturities next year.
With yields of the bonds of some other eurozone countries hitting record highs recently due to sinking investor confidence, Germany's yields have pushed down to record lows, making its debt less attractive. Germany has more than 2.0 trillion euros in debt or over 80 percent of its gross domestic product.
In 2011, Germany reduced borrowings from planned 302 billion euros to 275 billion euros because of stronger-than-expected tax revenues. The largest EU economy is considered as the top safe haven for bond investors within the eurozone.