Treasury discount paper 12M

ISIN
DE000BU0E345
WKN
BU0E34
Type
Treasury discount paper 12 month

Issuance data

Issuer Federal Republic of Germany
Maturity segment 12 month
Issuance volume 4,500,000,000 €
Issuance currency
Issuance date 13.10.2025
Maturity 14.10.2026
Smallest tradable unit 0.01 €
Stock-market listing no
Eligibility for security gilt-edged
Terms of issue Download (PDF)

Coupon data

Payable no interest payment
Interest calculation actual/360

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Lowest accepted price Average price Average yield Bid/Cover ratio
13.10.2025 New Issue 98.14431 98.14431 1.87% 2.9
03.11.2025 Reopening 98.2311 98.23294 1.888% 2.0

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Bids Competitive bids Non-competitive bids Allotted volume Retention quote
13.10.2025 New Issue 3,000 € mn 7,480 € mn 5,060 € mn 2,420 € mn 2,552 € mn 448 € mn
03.11.2025 Reopening 1,500 € mn 2,690 € mn 1,595 € mn 1,095 € mn 1,360.5 € mn 139.5 € mn