Germany Boosts Debt Sales to Record in Spending Push (2)

Germany will increase federal debt sales by a fifth next year to a record €512 billion ($601 billion) to fund a spending splurge aimed at fixing its crumbling infrastructure and modernizing its armed forces.

The country’s Frankfurt-based finance agency, which manages government debt, plans to sell about €318 billion in securities on the capital markets through auctions and €176 billion via the money market, according to a statement published Thursday. Green bonds with a volume of between €16 billion and €19 billion will also be issued.

German bonds held an advance after the announcement. Ten-year yields have risen nearly 50 ...