2.50 % Federal bond 2025 (2032)
ISIN
DE000BU27014
WKN
BU2701
Type
7-year Federal bond
Price (23.12.2025)
99.02
+0.16%
Yield (23.12.2025)
2.66%
-0.03 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 7 years |
| Issuance volume | 11,000,000,000 € |
| Issuance currency | € |
| Issuance date | 27.08.2025 |
| Maturity | 15.11.2032 |
| Smallest tradable unit | 0.01 € |
| Stock-market listing | yes |
| Eligibility for security | gilt-edged |
| Terms of issue | Download (PDF) |
Coupon data
| Coupon in % | 2.50 |
|---|---|
| Payable | annually |
| Interest calculated from | 29. August 2025 |
| First interest payment | 15. November 2026 |
| Interest calculation | actual/actual (ICMA) |
| Date | Type | Volume | Maturity segment |
|---|---|---|---|
| 04.02.2026 | Reopening | 4,000 € mn | 7 years |
| 01.04.2026 | Reopening | 4,000 € mn | 7 years |
| 06.05.2026 | Reopening | 3,500 € mn | 7 years |
| 01.07.2026 | Reopening | 3,500 € mn | 7 years |
| Date | Type | Lowest accepted price | Average price | Average yield | Bid/Cover ratio |
|---|---|---|---|---|---|
| 27.08.2025 | New Issue | 100.24 | 100.26 | 2.46% | 1.2 |
| 24.09.2025 | Reopening | 99.86 | 99.86 | 2.52% | 1.5 |
| 22.10.2025 | Reopening | 101.05 | 101.07 | 2.33% | 1.2 |
| Date | Type | Volume | Bids | Competitive bids | Non-competitive bids | Allotted volume | Retention quote |
|---|---|---|---|---|---|---|---|
| 27.08.2025 | New Issue | 4,000 € mn | 3,170 € mn | 1,535 € mn | 1,635 € mn | 2,675 € mn | 1,325 € mn |
| 24.09.2025 | Reopening | 4,000 € mn | 4,503 € mn | 1,740 € mn | 2,763 € mn | 3,044.88 € mn | 955.12 € mn |
| 22.10.2025 | Reopening | 3,000 € mn | 2,789 € mn | 1,165 € mn | 1,624 € mn | 2,284.08 € mn | 715.92 € mn |