Bund: Federal bond with maturity of 7, 10, 15 or 30 years, Bund/€i: inflation-linked Federal bond with maturity of 10, 15 or 30 years, Bund/g: green Federal bond with maturity of 10 or 30 years, Bobl: Federal note with maturity of 5 years, Bobl/€i: inflation-linked Federal note with maturity of 5 years, Bobl/g: green Federal note with maturity of 5 years; Schatz: Federal Treasury note with maturity of 2 years, Bubill: Treasury discount paper with maturity of 12 month
For the multi-ISIN auctions in the 15- and 30-year maturity segment, the benchmark bonds to be reopened will only be specified with the updates of the quarterly calendars. Only then will they appear as an auction in this overview. The second bond of the respective multi-ISIN auction will be announced for the first time via press notice in the week before the corresponding issue.
For the green and the inflation-linked Federal securities (issue date only) as well as the issues planned as syndicates, no detailed planning will be announced. Details will be communicated shortly before the respective transaction for both issues.
By publishing such a detailed issuance calendar for the entire calendar year at an early stage, the Federal government has since emphasized its outstanding reputation worldwide as a transparent and extremely reliable issuer. It thus gives its investors the opportunity to align their investment decisions with the issuance rhythm for Federal securities at an early stage.
Although the Federal government always intends to carry out the announced issuance projects as far as possible, the issuance planning is subject to the proviso that the stated amounts and dates may change depending on the Federal government's financing needs and liquidity situation as well as the capital market situation.