2025-08-08-ausschreibung-download.pdf

The German Finance Agency, through Deutsche Bundesbank, will reopen the Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen – “Bubills”) with an increase of €1.5 billion. Key points:

• Issue: July 2025 issue/maturity 12 months, due on 15 July 2026
• Residual maturity: 11 months (336 interest days)
• ISIN: DE000BU0E311
• Members of the Bund Issues Auction Group are entitled to bid
• Minimum bid size: €1 million or integral multiple thereof
• Yield bids must be expressed as full 0.001 percentage points
• Non-competitive bids and several bids at different yields are possible
• No price bids will be considered
• Bidding period: Monday, August 11, 8:00 a.m. to 11:30 a.m. Frankfurt time
• Settlement date: Wednesday, August 13