---
title: "German Finance Agency auctions reopening Federal bond issue in Frankfurt am Main; Total issue volume up to €22.5bn"
sdDatePublished: "2026-05-06T11:04:00Z"
source: "https://www.bundesbank.de/resource/blob/936976/cc5ad3fb9d5eac7ce4e9d88c05b982da/472B63F073F071307366337C94F8C870/2026-05-06-tenderergebnis-download.pdf"
topics:
  - name: "central bank"
    identifier: "medtop:20000350"
locations:
  - "Frankfurt am Main"
  - "Germany"
---


German Finance Agency auctions reopening Federal bond issue in Frankfurt am Main; Total issue volume up to €22.5bn

Reopening Federal bond issue – Auction result

1) Placing by the German Finance Agency in the secondary market

Deutsche Bundesbank, Communications Department
Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany
presse@bundesbank.de, www.bundesbank.de
Reproduction permitted only if source is stated.
Press release

Frankfurt am Main
6 May 2026
Page 1 of 1
Reopening Federal bond issue – Auction result

The result of the auction of 6 May 2026 for the

2.50 % bond of the Federal Republic of Germany of 2025 (2032)

due on 15 November 2032

annual coupon date 15 November

interest has begun to accrue on 29 August 2025

first interest payment on 15 November 2026 for 443 days

ISIN DE000BU27014

was as follows:

Bids
€
6,355.00 mn

Competitive bids
€
3,447.00 mn

Non-competitive bids
€
2,908.00 mn

Allotment
€
2,661.64 mn

- Lowest accepted price
98.23 %

- Weighted average price
98.23 %

- Average yield
2.80 %

- Allotment

- for bids at the lowest accepted price
100 %

- for non-competitive bids
58 %

Cover ratio
2.4

Retention quote
€
838.36 mn
(Own account of the Federal Government) 1)

Increase
€
3,500.00 mn

Previous issue volume
€ 19,000.00 mn

Total issue volume
€ 22,500.00 mn