Treasury discount paper 12M

ISIN
DE000BU0E386
WKN
BU0E38
Type
Treasury discount paper 12 month

Issuance data

Issuer Federal Republic of Germany
Maturity segment 12 month
Issuance volume 5,000,000,000 €
Issuance currency
Issuance date 16.02.2026
Maturity 17.02.2027
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 Volume Maturity segment
04.05.2026 Reopening 3,000 € mn 12 month
17.08.2026 Reopening 3,000 € mn 12 month
21.09.2026 Reopening 3,000 € mn 12 month
02.11.2026 Reopening 3,000 € mn 12 month

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Lowest accepted price Average price Average yield Bid/Cover ratio
16.02.2026 New Issue 98.03243 98.03243 1.985% 2.2
09.03.2026 Reopening 97.87112 97.87477 2.279% 3.8

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Bids Competitive bids Non-competitive bids Allotted volume Retention quote
16.02.2026 New Issue 3,000 € mn 5,155 € mn 3,405 € mn 1,750 € mn 2,375 € mn 625 € mn
09.03.2026 Reopening 2,000 € mn 3,738 € mn 2,160 € mn 1,578 € mn 989 € mn 1,011 € mn