Deutsche Bundesbank, Federal Treasury discount paper (Bubills) reopening via multi-ISIN auction, Frankfurt am Main; €5B total, €2B Nov 2025, €3B May 2026
Press release multi-ISIN: Invitation to bid - Federal Treasury discount paper (Bubills)
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 7 August 2026 Page 1 of 2 Invitation to bid Federal Treasury discount paper (Bubills)
As already announced the following Bubills will be reopened by a multi-ISIN auction on 10 August 2026:
Reopening
Federal Treasury discount paper (Bubills)
November 2025 issue / maturity 12 months
ISIN DE000BU0E352
Current volume : € 10.5 billion
Due on 18 November 2026
Residual maturity: 3 months (98 interest days)
Reopening
Federal Treasury discount paper (Bubills)
May 2026 issue / maturity 12 months
ISIN DE000BU0E410
Current volume : € 5 billion
Due on 12 May 2027
Residual maturity: 9 months (273 interest days)
A total amount of € 5 billion is envisaged for the reopened Bubills (including respective retention quote) with a planned share of € 2 billion for the Bubill November 2025 issue (ISIN DE000BU0E352) and € 3 billion for the Bubill May 2026 issue (ISIN DE000BU0E410). The effective increase amount of each Bubill will be determined as part of the auction allotment on 10 August 2026.
Frankfurt am Main 7 August 2026 Page 2 of 2
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. 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 yield bids must be expressed as full 0.001 percentage points. It is possible to submit non-competitive bids and several bids at different yields. No price bids will be considered. The bids accepted by the issuer will be allotted at the yield specified in the bid. Non-competitive bids are filled at the weighted average yield of the competitive bids accepted. The right to scale down bids is reserved.
Time schedule of the auction procedure: Bidding period: Monday, 10 August 2026, from 8.00 a.m. until 11.30 a.m. Frankfurt time Value date: Wednesday, 12 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.