Deutsche Bundesbank reopens 2.70 % Federal Treasury notes of 2026 due on 13 September 2028, Frankfurt am Main; €6 billion increase envisaged
Invitation to bid by auction – Reopening of Federal Treasury notes
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 3 August 2026 Page 1 of 1
Invitation to bid by auction Reopening of Federal Treasury notes
For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, will reopen the
2.70 % Federal Treasury notes of 2026 (2028)
due on 13 September 2028, annual coupon date 13 September
interest has begun to accrue on 16 July 2026
first interest payment on 13 September 2027 for 424 days
ISIN DE000BU22148
launched on 14 July 2026, using an auction procedure. An increase of € 6 billion is envisaged for the issue (including retention quote). The current volume 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 a full 0.005 percentage point. 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.
Time schedule of the auction procedure:
Bidding period: Tuesday, 4 August 2026, from 8.00 a.m. until 11.30 a.m. Frankfurt time Inclusion in stock exchange trading: Tuesday, 4 August 2026 Value date: Thursday, 6 August 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.