2.20 % Federal note - series 192

ISIN

DE000BU25059

WKN

BU2505

Type

Federal note

Price (17.11.2025)

99.55 +0.03%

Yield (17.11.2025)

2.30% -0.01 PP

Current Price

99.55

14.11.2025

99.52

Change

+0.03%

52 week highs	100.32
52 week lows	99.28
Price incl. accrued interest	100.346
Accrued interest	0.80

Current Yield

2.30%

14.11.2025

2.30%

Change

-0.01 PP

52 week highs	2.35%
52 week lows	2.13%

Issuance data

Issuer	Federal Republic of Germany
Maturity segment	5 years
Issuance volume	27,000,000,000 €
Issuance currency	€
Issuance date	08.07.2025
Maturity	10.10.2030
Smallest tradable unit	0.01 €
Stock-market listing	yes
Eligibility for security	gilt-edged
Terms of issue	Download (PDF)

Coupon data

Coupon in %	2.20
Payable	annually
Interest calculated from	10. July 2025
First interest payment	10. October 2026
Interest calculation	actual/actual (ICMA)

Price and yield data are Deutsche Bundesbank reference prices.
Date	Type	Volume	Maturity segment
25.11.2025	Reopening	4,000 € mn	5 years

Price and yield data are Deutsche Bundesbank reference prices.
Date	Type	Lowest accepted price	Average price	Average yield	Bid/Cover ratio
08.07.2025	New Issue	99.72	99.72	2.26%	1.5
29.07.2025	Reopening	99.62	99.62	2.28%	1.5
19.08.2025	Reopening	99.42	99.42	2.32%	1.9
16.09.2025	Reopening	99.55	99.56	2.29%	1.7
07.10.2025	Reopening	99.48	99.48	2.31%	1.1
28.10.2025	Reopening	99.91	99.92	2.21%	1.2

Price and yield data are Deutsche Bundesbank reference prices.
Date	Type	Volume	Bids	Competitive bids	Non-competitive bids	Allotted volume	Retention quote
08.07.2025	New Issue	5,000 € mn	5,599 € mn	1,426 € mn	4,173 € mn	3,753.99 € mn	1,246.01 € mn
29.07.2025	Reopening	4,500 € mn	5,204 € mn	2,425 € mn	2,779 € mn	3,409.36 € mn	1,090.64 € mn
19.08.2025	Reopening	4,500 € mn	6,602 € mn	2,735 € mn	3,867 € mn	3,423.5 € mn	1,076.5 € mn
16.09.2025	Reopening	4,500 € mn	6,087 € mn	3,121 € mn	2,966 € mn	3,490.76 € mn	1,009.24 € mn
07.10.2025	Reopening	4,500 € mn	3,777 € mn	1,605 € mn	2,172 € mn	3,404.96 € mn	1,095.04 € mn
28.10.2025	Reopening	4,000 € mn	3,752 € mn	1,892 € mn	1,860 € mn	3,020 € mn	980 € mn

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