3.40% Federal bond 2026 (2047)

ISIN
DE000BU2T000
WKN
BU2T00
Type
20-year Federal bond

Issuance data

Issuer Federal Republic of Germany
Maturity segment 20 years
Issuance volume 6,500,000,000 €
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)

Coupon data

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

* 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% -

* 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