Issues planned by the federal government in the fourth quarter of 2023

The issuance plan of the federal government for the fourth quarter of 2023 is now published.

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Green Federal Securities

New 30-year green Federal bond successfully issued via syndicate.

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Economic Stabilisation Fund

On July 11, 2023, the 2022 financial statement of the ESF was published.

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Financial Market Stabilisation Fund

On June 23, 2023, the 2022 financial statement of the FMS was published.

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  • Federal Bond 10 Years
  • 2.86 %Current Yield
  • 2.92 %28.09.2023

For the Federal Government at the Financial Center Frankfurt Targets and Objectives

Debt management from a single source: For the Federal government as the benchmark issuer in the euro area, the Finance Agency ensures the most cost-effective and low-risk financing possible.

It was founded specifically for this important task. Today, its field of activity has expanded to include tasks for financial market stabilisation and economic stabilisation.

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Issuances
Issues planned by the Federal government in the fourth quarter of 2023

The Federal government's issuance plan for the fourth quarter of 2023 has been published on 26 September 2023.

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Reports
Federal Government Borrowing Report

The latest report by the Federal Ministry of Finance (BMF) on federal borrowing in 2022 is now available (only in German).

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Syndicates
Reopening 30-year Federal bond

A 30-year Federal bond was successfully reopened via syndicate on 29 August 2023 with an issuance volume of € 3 bn.

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Issuances
Issues planned by the Federal government in the third quarter of 2023

The Federal government's issuance plan for the third quarter of 2023 has been published on 27 June 2023.

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Green Securities
New Green Bond Investor Presentation

The updated investor presentation for Green Federal securities is now available.

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Green Securities
Allocation Report

On 30 March 2023, the Green Bond Allocation Report 2022 has been published.

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Auctions of Federal Bonds

Upcoming Auctions

N: New Issue    R: Reopening

TenderIssuanceVolumeCouponMaturity
04.10.2023 Bund (R)
DE000BU27006 		3.0 € bn 2.40% 15.11.2030
11.10.2023 Bund (R)
DE0001102572 		1.5 € bn 0.00% 15.08.2052
17.10.2023 Schatz (N)
DE000BU22031 		5.0 € bn - 12.12.2025

N: New Issue    R: Reopening

TenderIssuanceVolumeCouponMaturity
02.10.2023 Bubill (R)
DE000BU0E014 		3.0 € bn - 17.01.2024
02.10.2023 Bubill (R)
DE000BU0E071 		2.0 € bn - 17.07.2024
09.10.2023 Bubill (R)
DE000BU0E048 		2.0 € bn - 17.04.2024

Recent Auctions

N: New Issue     R: Reopening     A: Allotment     B: Bids

TenderIssuanceBid/CoverVolumesYield
27.09.2023 Bund (R)
DE000BU2Z015 		2.0
(A)
(B)
 2.78%
26.09.2023 Bobl (R)
DE000BU25018 		2.0
(A)
(B)
 2.76%
13.09.2023 Bund (R)
DE0001102572 		2.2
(A)
(B)
 2.73%

N: New Issue     R: Reopening     A: Allotment     B: Bids

TenderIssuanceBid/CoverVolumesYield
25.09.2023 Bubill (R)
DE000BU0E022 		1.6
(A)
(B)
 3.756%
25.09.2023 Bubill (R)
DE000BU0E089 		1.4
(A)
(B)
 3.739%
18.09.2023 Bubill (N)
DE000BU0E097 		2.1
(A)
(B)
 3.73%

Our Tasks

Overview
Debt Statistics
  • Debt level
  • Borrowing needs
  • Redemptions
  • Interest rates

Statistics on the Federal Funding - graphically presented and up-to-date.

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Types of Federal Securities
Federal Securities

Federal securities are available for almost every investment period. They are regularly issued with original maturities ranging from 1 to 30 years. Some Federal securitites offer additional protection against inflation, others coverage of green spending in the Federal budget.

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ESF
Economic Stabilisation Fund

The Economic Stabilisation Fund (ESF) was able to cushion the impact of the Corona pandemic on the national economy. It manages several recapitalisation measures for companies in the real economy and loans to the Kreditanstalt für Wiederaufbau (KfW).

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FMS
Financial Market Stabilisation Fund

With assistance of the Financial Market Stabilisation Fund (FMS), the German banking sector was supported during the financial market crisis. Today, the special fund manages the Federal government's shares in Commerzbank as well as other capital measures.

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Your Career Start with us

Career
Working at the Finance Agency

For experienced professionals, students and graduates, debt management and stabilisation measures offer interesting entry opportunities and development prospects.

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