2.90 % Federal note - series 194
ISIN
DE000BU25075
WKN
BU2507
Type
Federal note
Price (01.10.2026)
97.85
+0.06%
Yield (01.10.2026)
3.37%
-0.01 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 5 years |
| Issuance volume | 22,500,000,000 € |
| Issuance currency | € |
| Issuance date | 21.07.2026 |
| Maturity | 08.10.2031 |
| Smallest tradable unit | 0.01 € |
| Stock-market listing | yes |
| Eligibility for security | gilt-edged |
| Terms of issue | Download (PDF) |
Coupon data
| Coupon in % | 2.90 |
|---|---|
| Payable | annually |
| Interest calculated from | 23. Juli 2026 |
| First interest payment | 08. Oktober 2027 |
| Interest calculation | actual/actual (ICMA) |
| Date | Type | Volume | Maturity segment |
|---|---|---|---|
| 13.10.2026 | Reopening | 5,000 € mn | 5 years |
| 03.11.2026 | Reopening | 5,000 € mn | 5 years |
| 01.12.2026 | Reopening | 4,500 € mn | 5 years |
| Date | Type | Lowest accepted price | Average price | Average yield | Bid/Cover ratio |
|---|---|---|---|---|---|
| 21.07.2026 | New Issue | 100.01 | 100.02 | 2.89% | 1.5 |
| 11.08.2026 | Reopening | 99.84 | 99.84 | 2.93% | 1.5 |
| 01.09.2026 | Reopening | 99.09 | 99.09 | 3.09% | 1.6 |
| 22.09.2026 | Reopening | 98.23 | 98.24 | 3.28% | 1.2 |
| Date | Type | Volume | Bids | Competitive bids | Non-competitive bids | Allotted volume | Retention quote |
|---|---|---|---|---|---|---|---|
| 21.07.2026 | New Issue | 6,000 € mn | 6,722 € mn | 3,080 € mn | 3,642 € mn | 4,552.8 € mn | 1,447.2 € mn |
| 11.08.2026 | Reopening | 6,000 € mn | 6,834 € mn | 2,940 € mn | 3,894 € mn | 4,627.48 € mn | 1,372.52 € mn |
| 01.09.2026 | Reopening | 5,500 € mn | 6,695 € mn | 3,480 € mn | 3,215 € mn | 4,280.6 € mn | 1,219.4 € mn |
| 22.09.2026 | Reopening | 5,000 € mn | 4,530 € mn | 2,470 € mn | 2,060 € mn | 3,735 € mn | 1,265 € mn |