1.25% Federal bond 2017 (2048)

ISIN	DE0001102432
WKN	110243
Type	30-year Federal bond

Price (07.04.2020)	134.23	-2.11%
Yield	0.04%	+0.09 PP

Rate

06.04.2020

Current Price

Change

137.13

134.23

-2.11%

1
week 3
months 1
year 3
years

52 week highs	154.62
52 week lows	113.20

Price incl. accrued interest	135.04
Accrued interest	0.81

Yield

06.04.2020

Current Yield

Change

-0.05 %

0.04 %

+ 0.09 PP

1
week 3
months 1
year 3
years

52 week highs	0.75 %
52 week lows	-0.53 %

Price Yield

Rate

06.04.2020

Current Price

Change

137.13

134.23

-2.11%

1
week 3
months 1
year 3
years

52 week highs	154.62
52 week lows	113.20

Price incl. accrued interest	135.04
Accrued interest	0.81

Yield

06.04.2020

Current Yield

Change

-0.05 %

0.04 %

+ 0.09 PP

1
week 3
months 1
year 3
years

52 week highs	0.75 %
52 week lows	-0.53 %

Issuance data

Issuer	Federal Republic of Germany
Maturity segment	30 years
Issuance volume	19,000,000,000 €
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	15.08.2017
First interest payment	15.08.2018
Interest calculation	actual/actual (ICMA)

Tender Dates

Date	Type	Volume	Maturity segment
13.05.2020	Reopening	1,000 € m	30 years
19.08.2020	Reopening	1,000 € m	30 years
14.10.2020	Reopening	1,000 € m	30 years

Auction Results

Date	Type	Lowest accepted price	Average price	Average yield	Bid/Cover ratio
20.09.2017	New Issue	99.40	99.41	1.27 %	1.80
18.10.2017	Reopening	100.66	100.66	1.22 %	1.65
22.11.2017	Reopening	101.17	101.17	1.20 %	1.68
17.01.2018	Reopening	99.17	99.20	1.28 %	1.37
14.03.2018	Reopening	99.35	99.39	1.27 %	1.06
09.05.2018	Reopening	99.65	99.69	1.26 %	1.05
18.07.2018	Reopening	105.98	105.98	1.02 %	1.70
12.09.2018	Reopening	103.75	103.77	1.10 %	2.01
14.11.2018	Reopening	105.23	105.26	1.04 %	1.16
16.01.2019	Reopening	110.51	110.53	0.85 %	1.11
13.03.2019	Reopening	113.43	113.45	0.74 %	1.47
15.05.2019	Reopening	119.50	119.51	0.53 %	1.79
17.07.2019	Reopening	126.56	126.57	0.30 %	1.07
16.10.2019	Reopening	133.68	133.68	0.07 %	1.29
19.02.2020	Reopening	133.15	133.20	0.07 %	1.07

Bids and allotted volumes

Date	Type	Volume	Bids	Competitive bids	Non-competitive bids	Allotted volume	Retention quote
20.09.2017	New Issue	2,000 € m	2,932 € m	1,049 € m	1,883 € m	1,630.6 € m	369.4 € m
18.10.2017	Reopening	1,000 € m	1,335 € m	439 € m	896 € m	807.4 € m	192.6 € m
22.11.2017	Reopening	1,000 € m	1,405 € m	261 € m	1,144 € m	838.6 € m	161.4 € m
17.01.2018	Reopening	1,500 € m	1,724 € m	291 € m	1,433 € m	1,261.4 € m	238.6 € m
14.03.2018	Reopening	1,500 € m	1,281 € m	202 € m	1,079 € m	1,211 € m	289 € m
09.05.2018	Reopening	1,500 € m	1,059 € m	237 € m	822 € m	1,008 € m	492 € m
18.07.2018	Reopening	1,000 € m	1,395 € m	492 € m	903 € m	822.4 € m	177.6 € m
12.09.2018	Reopening	1,000 € m	1,544 € m	188 € m	1,356 € m	768 € m	232 € m
14.11.2018	Reopening	1,500 € m	1,373 € m	403 € m	970 € m	1,185 € m	315 € m
16.01.2019	Reopening	1,500 € m	1,339 € m	208 € m	1,131 € m	1,211 € m	289 € m
13.03.2019	Reopening	1,000 € m	1,221 € m	170 € m	1,051 € m	833.25 € m	166.75 € m
15.05.2019	Reopening	1,000 € m	1,443 € m	249 € m	1,194 € m	806.1 € m	193.9 € m
17.07.2019	Reopening	1,000 € m	862 € m	110 € m	752 € m	807 € m	193 € m
16.10.2019	Reopening	1,000 € m	1,016 € m	160 € m	856 € m	785.4 € m	214.6 € m
19.02.2020	Reopening	1,500 € m	1,045 € m	140 € m	905 € m	975 € m	525 € m

Tender Dates Auction Results Bids and allotted volumes

Tender Dates

Date	Type	Volume	Maturity segment
13.05.2020	Reopening	1,000 € m	30 years
19.08.2020	Reopening	1,000 € m	30 years
14.10.2020	Reopening	1,000 € m	30 years

Auction Results

Bids and allotted volumes

Price and yield data are Deutsche Bundesbank reference prices.

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