---
title: "Deutsche Bundesbank invites bid for Bubills in Frankfurt am Main; Total € 6 billion envisaged"
sdDatePublished: "2026-08-14T09:09:00Z"
source: "https://www.bundesbank.de/resource/blob/964632/e3c5e950a253c37b4439f2672892d1a6/472B63F073F071307366337C94F8C870/2026-08-14-ausschreibung-download.pdf"
topics:
  - name: "financial service"
    identifier: "medtop:20001370"
  - name: "economy, business and finance"
    identifier: "medtop:04000000"
  - name: "economy"
    identifier: "medtop:20000344"
  - name: "market and exchange"
    identifier: "medtop:20000385"
locations:
  - "Frankfurt am Main"
  - "Germany"
---


Deutsche Bundesbank invites bid for Bubills in Frankfurt am Main; Total € 6 billion envisaged

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
14 August 2026
Page 1 of 2
Invitation to bid
Federal Treasury discount paper (Bubills)

As already announced the following Bubills will be reopened or newly issued by a multi-ISIN auction
on 17 August 2026:

Reopening

Federal Treasury discount paper (Bubills)

February 2026 issue / maturity 12 months

ISIN DE000BU0E386

Current volume: € 8 billion

Due on 17 February 2027

Residual maturity: 6 months (182 interest days)

New issue

Federal Treasury discount paper (Bubills)

August 2026 issue / maturity 12 months

ISIN DE000BU0E444

Due on 18 August 2027 (364 interest days)

A total amount of € 6 billion is envisaged for the reopened and newly issued Bubill (including
respective retention quote) with a planned share of € 3 billion for the Bubill February 2026 issue
(ISIN DE000BU0E386) and € 3 billion for the Bubill August 2026 issue (ISIN DE000BU0E444). The
effective increase or new issue amount of each Bubill will be determined by the allotment on
17 August 2026.

Frankfurt am Main
14 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, 17 August 2026, from 8.00 a.m. until 11.30 a.m. Frankfurt time
Value date:
Wednesday, 19 August 2026
Settlement:
delivery versus payment-settlement in the night-time processing of Clearstream
Banking AG Frankfurt, 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 Issue terms for Federal
securities shall apply.