---
title: "Deutsche Bundesbank reopens 2.70 % Federal Treasury notes of 2026 due on 13 September 2028, Frankfurt am Main; €6 billion increase envisaged"
sdDatePublished: "2026-08-03T08:16:00Z"
source: "https://www.bundesbank.de/resource/blob/964590/e5fc59510d88d28a79e4a26bb45a741d/472B63F073F071307366337C94F8C870/2026-08-03-ausschreibung-download.pdf"
topics:
  - name: "financial service"
    identifier: "medtop:20001370"
  - name: "economy, business and finance"
    identifier: "medtop:04000000"
locations:
  - "Frankfurt am Main"
  - "Germany"
---


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.