---
title: "Deutsche Bundesbank invites bids for reopening 3% Federal bond 2026 (2036) due 15 August 2036 in Frankfurt am Main; €6 billion increase envisaged"
sdDatePublished: "2026-07-28T08:09:00Z"
source: "https://www.bundesbank.de/resource/blob/964800/9e72b5ad6a2e0ac57c78c0aa3d59b428/472B63F073F071307366337C94F8C870/2026-07-28-ausschreibung-download.pdf"
topics:
  - name: "central bank"
    identifier: "medtop:20000350"
locations:
  - "Germany"
  - "Frankfurt am Main"
---


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.