Deutsche Bundesbank invites bids for reopening 3% Federal bond 2026 (2036) due 15 August 2036 in Frankfurt am Main; €6 billion increase envisaged
Invitation to bid by auction – Reopening 10-year Federal bond
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 28 July 2026 Page 1 of 1
Invitation to bid by auction Reopening 10-year Federal bond
For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, will reopen the
3 % bond of the Federal Republic of Germany of 2026 (2036)
due on 15 August 2036, annual coupon date 15 August
interest has begun to accrue on 10 July 2026
first interest payment on 15 August 2027 for 401 days
ISIN DE000BU2Z072
launched on 8 July 2026, using an auction procedure. An increase of € 6 billion is envisaged for the issue (auction allotment and retention quote). The current volume of the bond amounts to € 6 billion.
Members of the Bund Issues Auction Group are entitled to bid. Bids must be for a par value of not less than € 1 million or an integral multiple thereof. The price bids must be expressed in terms of full 0.01 percentage points. Non-competitive bids are possible. The bids accepted by the issuer will be allotted at the price specified in the bid. Non-competitive bids are filled at the weighted average price of the competitive bids accepted. The right to scale down bids is reserved. The separation of principal and interest payments and their separate trading (“stripping”) will be possible.
Time schedule of the auction procedure: Bidding period: Wednesday, 29 July 2026,
from 8.00 a.m. until 11.30 a.m. Frankfurt time Inclusion in stock exchange trading: Wednesday, 29 July 2026 Value date: Friday, 31 July 2026 Settlement: delivery versus payment-settlement in the night-time processing of Clearstream Europe AG, beginning on the eve of the value date
In addition, the Auction rules, the Special terms and conditions of the Deutsche Bundesbank for auctions of Federal securities using the Bund Bidding System (BBS) and the issuance terms and conditions of the initial issuance shall apply.