2.90 % Federal note - series 194

ISIN
DE000BU25075
WKN
BU2507
Type
Federal note
Price (18.08.2026)
99.67 -0.20%
Yield (18.08.2026)
2.97% +0.04 PP
Current Price
99.67
17.08.2026
99.87
Change
-0.20%
52 week highs 100.34
52 week lows 99.67
Price incl. accrued interest 99.893
Accrued interest 0.22
Current Yield
2.97%
17.08.2026
2.92%
Change
+0.04 PP
52 week highs 2.97%
52 week lows 2.83%

Issuance data

Issuer Federal Republic of Germany
Maturity segment 5 years
Issuance volume 12,000,000,000 €
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)

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Maturity segment
01.09.2026 Reopening 5,500 € mn 5 years
22.09.2026 Reopening 5,000 € mn 5 years
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

Price and yield data are Deutsche Bundesbank reference prices.

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

Price and yield data are Deutsche Bundesbank reference prices.

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