1.25% Federal bond 2017 (2048)

ISIN
DE0001102432
WKN
110243
Type
30-year Federal bond
Price (08.07.2025)
69.96 -1.37%
Yield (08.07.2025)
3.09% +0.07 PP
Current Price
69.96
07.07.2025
70.93
Change
-1.37%
52 week highs 81.58
52 week lows 68.50
Price incl. accrued interest 71.087
Accrued interest 1.13
Current Yield
3.09%
07.07.2025
3.02%
Change
+0.07 PP
52 week highs 3.18%
52 week lows 2.26%

Issuance data

Issuer Federal Republic of Germany
Maturity segment 30 years
Issuance volume 39,000,000,000 €
Issuance currency €
Issuance date 20.09.2017
Maturity 15.08.2048
Smallest tradable unit 0.01 €
Stock-market listing yes
Eligibility for security gilt-edged
Terms of issue Download (PDF)

Coupon data

Coupon in % 1.25
Payable annually
Interest calculated from 15. August 2017
First interest payment 15. August 2018
Next interest payment 15. August 2025
Interest calculation actual/actual (ICMA)

* Issue was conducted outside the auction process into own holdings or via syndication.

Price and yield data are Deutsche Bundesbank reference prices.
Date Type Lowest accepted price Average price Average yield Bid/Cover ratio
20.09.2017 New Issue 99.40 99.41 1.27% 1.8
18.10.2017 Reopening 100.66 100.66 1.22% 1.7
22.11.2017 Reopening 101.17 101.17 1.20% 1.7
17.01.2018 Reopening 99.17 99.20 1.28% 1.4
14.03.2018 Reopening 99.35 99.39 1.27% 1.1
09.05.2018 Reopening 99.65 99.69 1.26% 1.1
18.07.2018 Reopening 105.98 105.98 1.02% 1.7
12.09.2018 Reopening 103.75 103.77 1.10% 2.0
14.11.2018 Reopening 105.23 105.26 1.04% 1.2
16.01.2019 Reopening 110.51 110.53 0.85% 1.1
13.03.2019 Reopening 113.43 113.45 0.74% 1.5
15.05.2019 Reopening 119.50 119.51 0.53% 1.8
17.07.2019 Reopening 126.56 126.57 0.30% 1.1
16.10.2019 Reopening 133.68 133.68 0.07% 1.3
19.02.2020 Reopening 133.15 133.20 0.07% 1.1
16.04.2020 Reopening* - - - -
13.05.2020 Reopening 139.80 139.90 -0.13% 2.5
22.07.2020 Reopening 137.04 137.15 -0.06% 2.4
16.09.2020 Reopening 137.30 137.31 -0.07% 1.9
17.02.2021 Reopening 130.96 131.08 0.10% 1.3
14.04.2021 Reopening 127.27 127.32 0.22% 1.3
21.07.2021 Reopening 132.74 132.74 0.03% 1.3
10.08.2022 Reopening 103.30 103.47 1.10% 1.6
21.10.2022 Reopening* - - - -
15.02.2023 Reopening 79.88 79.90 2.30% 2.8
12.04.2023 Reopening 79.55 79.55 2.33% 1.9
11.10.2023 Reopening 71.12 71.15 2.89% 1.4
14.05.2025 Reopening 69.85 69.86 3.09% 4.2

* Issue was conducted outside the auction process into own holdings or via syndication.

Price and yield data are Deutsche Bundesbank reference prices.
Date Type Volume Bids Competitive bids Non-competitive bids Allotted volume Retention quote
20.09.2017 New Issue 2,000 € mn 2,932 € mn 1,049 € mn 1,883 € mn 1,630.6 € mn 369.4 € mn
18.10.2017 Reopening 1,000 € mn 1,335 € mn 439 € mn 896 € mn 807.4 € mn 192.6 € mn
22.11.2017 Reopening 1,000 € mn 1,405 € mn 261 € mn 1,144 € mn 838.6 € mn 161.4 € mn
17.01.2018 Reopening 1,500 € mn 1,724 € mn 291 € mn 1,433 € mn 1,261.4 € mn 238.6 € mn
14.03.2018 Reopening 1,500 € mn 1,281 € mn 202 € mn 1,079 € mn 1,211 € mn 289 € mn
09.05.2018 Reopening 1,500 € mn 1,059 € mn 237 € mn 822 € mn 1,008 € mn 492 € mn
18.07.2018 Reopening 1,000 € mn 1,395 € mn 492 € mn 903 € mn 822.4 € mn 177.6 € mn
12.09.2018 Reopening 1,000 € mn 1,544 € mn 188 € mn 1,356 € mn 768 € mn 232 € mn
14.11.2018 Reopening 1,500 € mn 1,373 € mn 403 € mn 970 € mn 1,185 € mn 315 € mn
16.01.2019 Reopening 1,500 € mn 1,339 € mn 208 € mn 1,131 € mn 1,211 € mn 289 € mn
13.03.2019 Reopening 1,000 € mn 1,221 € mn 170 € mn 1,051 € mn 833.25 € mn 166.75 € mn
15.05.2019 Reopening 1,000 € mn 1,443 € mn 249 € mn 1,194 € mn 806.1 € mn 193.9 € mn
17.07.2019 Reopening 1,000 € mn 862 € mn 110 € mn 752 € mn 807 € mn 193 € mn
16.10.2019 Reopening 1,000 € mn 1,016 € mn 160 € mn 856 € mn 785.4 € mn 214.6 € mn
19.02.2020 Reopening 1,500 € mn 1,045 € mn 140 € mn 905 € mn 975 € mn 525 € mn
16.04.2020 Reopening* 2,500 € mn - - - - 2,500 € mn
13.05.2020 Reopening 1,000 € mn 2,144 € mn 293 € mn 1,851 € mn 863.4 € mn 136.6 € mn
22.07.2020 Reopening 1,500 € mn 3,030 € mn 619 € mn 2,411 € mn 1,261.35 € mn 238.65 € mn
16.09.2020 Reopening 1,500 € mn 2,596 € mn 398 € mn 2,198 € mn 1,333.9 € mn 166.1 € mn
17.02.2021 Reopening 1,500 € mn 1,616 € mn 644 € mn 972 € mn 1,232.4 € mn 267.6 € mn
14.04.2021 Reopening 1,500 € mn 1,616 € mn 709 € mn 907 € mn 1,287 € mn 213 € mn
21.07.2021 Reopening 1,500 € mn 1,658 € mn 335 € mn 1,323 € mn 1,229.55 € mn 270.45 € mn
10.08.2022 Reopening 1,500 € mn 1,869 € mn 553 € mn 1,316 € mn 1,165 € mn 335 € mn
21.10.2022 Reopening* 3,000 € mn - - - - 3,000 € mn
15.02.2023 Reopening 1,000 € mn 2,293 € mn 155 € mn 2,138 € mn 808.3 € mn 191.7 € mn
12.04.2023 Reopening 1,000 € mn 1,571 € mn 494 € mn 1,077 € mn 818.5 € mn 181.5 € mn
11.10.2023 Reopening 1,000 € mn 1,130 € mn 171 € mn 959 € mn 806.3 € mn 193.7 € mn
14.05.2025 Reopening 1,500 € mn 5,519 € mn 843 € mn 4,676 € mn 1,313.16 € mn 186.84 € mn