July 25, 2011 / 7:46 AM / 9 years ago

Austria skips Aug. 2 bond sale, ahead on funding needs

VIENNA, July 25 (Reuters) - Austria will not hold a bond auction on Aug. 2 as scheduled because it is ahead of its issuance target, the country’s debt agency said on Monday.

“The Republic of Austria does not use the reserve auction date due to the advanced progress of the funding programme 2011,” it said in a statement on its website.

The head of the agency told Reuters earlier this month that Austria had already issued three-quarters of the debt it had planned for this year. (Reporting by Sylvia Westall; Editing by Anna Willard)

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