2.20 % Federal note - series 192
ISIN
DE000BU25059
WKN
BU2505
Type
Federal note
Price (02.10.2025)
99.50
+0.10%
Yield (02.10.2025)
2.30%
-0.02 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 5 years |
| Issuance volume | 18,500,000,000 € |
| 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) |
| Date | Type | Volume | Maturity segment |
|---|---|---|---|
| 07.10.2025 | Reopening | 4,500 € mn | 5 years |
| 28.10.2025 | Reopening | 4,000 € mn | 5 years |
| 25.11.2025 | Reopening | 4,000 € mn | 5 years |
| 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 |
| 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 |