Federal Government reopens 2.90% five-year Federal notes series 194 by auction in Frankfurt am Main, Germany; €6 billion increase in issue size
Auction announcement – Reopening of five-year Federal notes (Bundesobligationen – “Bobls”) series 194 by auction
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 5 August 2026 Page 1 of 1 Auction announcement Reopening of five-year Federal notes (Bundesobligationen – “Bobls”) series 194 by auction
As already announced in the issue calendar for the third quarter of 2026, the Federal Government will reopen the
2.90 % five-year Federal notes series 194 of 2026 (2031)
ISIN DE000BU25075
on 11 August 2026, using an auction procedure. An increase of € 6 billion is envisaged for the issue (auction allotment and retention quote). The current volume of this series amounts to € 6 billion. Members of the Bund Issues Auction Group are entitled to bid.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 10 August 2026 Bidding period: Tuesday, 11 August 2026,
from 8.00 a.m. until 11.30 a.m. Frankfurt time Inclusion in stock exchange trading: Tuesday, 11 August 2026 Value date: Thursday, 13 August 2026
Characteristics of the five-year Federal notes:
Maturity: 8 October 2031 Interest payment: annually on 8 October, interest has begun to accrue on 23 July 2026 First interest payment: 8 October 2027 for 442 days