2.60 % Federal bond 2025 (2035)
ISIN
DE000BU2Z056
WKN
BU2Z05
Type
10-year Federal bond
Price (31.10.2025)
99.61
+0.01%
Yield (31.10.2025)
2.64%
+0.00 PP
Issuance data
| Issuer | Federal Republic of Germany |
|---|---|
| Maturity segment | 10 years |
| Issuance volume | 30,500,000,000 € |
| Issuance currency | € |
| Issuance date | 02.07.2025 |
| Maturity | 15.08.2035 |
| Smallest tradable unit | 0.01 € |
| Stock-market listing | yes |
| Eligibility for security | gilt-edged |
| Terms of issue | Download (PDF) |
Coupon data
| Coupon in % | 2.60 |
|---|---|
| Payable | annually |
| Interest calculated from | 04. July 2025 |
| First interest payment | 15. August 2026 |
| Interest calculation | actual/actual (ICMA) |
| Date | Type | Volume | Maturity segment |
|---|---|---|---|
| 26.11.2025 | Reopening | 3,000 € mn | 10 years |
| Date | Type | Lowest accepted price | Average price | Average yield | Bid/Cover ratio |
|---|---|---|---|---|---|
| 02.07.2025 | New Issue | 99.76 | 99.77 | 2.63% | 1.6 |
| 23.07.2025 | Reopening | 99.84 | 99.85 | 2.62% | 1.5 |
| 13.08.2025 | Reopening | 99.20 | 99.21 | 2.69% | 1.4 |
| 03.09.2025 | Reopening | 98.50 | 98.51 | 2.77% | 1.4 |
| 01.10.2025 | Reopening | 98.92 | 98.93 | 2.72% | 1.2 |
| 29.10.2025 | Reopening | 99.81 | 99.81 | 2.62% | 1.3 |
| Date | Type | Volume | Bids | Competitive bids | Non-competitive bids | Allotted volume | Retention quote |
|---|---|---|---|---|---|---|---|
| 02.07.2025 | New Issue | 6,000 € mn | 7,416 € mn | 2,891 € mn | 4,525 € mn | 4,557.25 € mn | 1,442.75 € mn |
| 23.07.2025 | Reopening | 5,000 € mn | 5,707 € mn | 2,310 € mn | 3,397 € mn | 3,831.72 € mn | 1,168.28 € mn |
| 13.08.2025 | Reopening | 5,000 € mn | 5,580 € mn | 2,243 € mn | 3,337 € mn | 3,885 € mn | 1,115 € mn |
| 03.09.2025 | Reopening | 5,000 € mn | 5,507 € mn | 2,485 € mn | 3,022 € mn | 3,809.58 € mn | 1,190.42 € mn |
| 01.10.2025 | Reopening | 5,000 € mn | 4,698 € mn | 2,805 € mn | 1,893 € mn | 3,806.91 € mn | 1,193.09 € mn |
| 29.10.2025 | Reopening | 4,500 € mn | 4,543 € mn | 2,192 € mn | 2,351 € mn | 3,378 € mn | 1,122 € mn |