3.40% Federal bond 2026 (2047)

ISIN
DE000BU2T000
WKN
BU2T00
Type
20-year Federal bond
Price (20.05.2026)
96.93 -0.02%
Yield (20.05.2026)
3.61% +0.00 PP
Current Price
96.93
19.05.2026
96.95
Change
-0.02%
52 week highs 102.63
52 week lows 96.92
Price incl. accrued interest 97.936
Accrued interest 1.01
Current Yield
3.61%
19.05.2026
3.61%
Change
0.00 PP
52 week highs 3.61%
52 week lows 3.23%

Issuance data

Issuer Federal Republic of Germany
Maturity segment 20 years
Issuance volume 8,500,000,000 €
Issuance currency
Issuance date 27.01.2026
Maturity 15.05.2047
Smallest tradable unit 0.01 €
Stock-market listing yes
Eligibility for security gilt-edged
Terms of issue Download (PDF)
Transaction review 27.01.2026 Download (PDF)

Coupon data

Coupon in % 3.40
Payable annually
Interest calculated from 03. Februar 2026
First interest payment 15. Mai 2027
Interest calculation actual/actual (ICMA)

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Maturity segment
24.06.2026 Reopening 1,000 € mn 20 years

* Issue was conducted outside the auction process into own holdings or via syndication.

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Lowest accepted price Average price Average yield Bid/Cover ratio
27.01.2026 New Issue* - 99.921 3.404% -
22.04.2026 Reopening 98.90 98.92 3.47% 2.4
13.05.2026 Reopening 97.94 97.94 3.54% 3.1

* Issue was conducted outside the auction process into own holdings or via syndication.

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Bids Competitive bids Non-competitive bids Allotted volume Retention quote
27.01.2026 New Issue* 6,500 € mn - - - 5,500 € mn 1,000 € mn
22.04.2026 Reopening 1,000 € mn 2,253 € mn 1,678 € mn 575 € mn 957.5 € mn 42.5 € mn
13.05.2026 Reopening 1,000 € mn 3,056 € mn 2,117 € mn 939 € mn 985.71 € mn 14.29 € mn