Issuance
In 2023, a total of € 56 bn is to be financed in twelve auctions of Federal notes (Bobl). Two new series are planned with maturities in April and October 2028, which will be reopened four and six times respectively. In the 2023 annual issuance calendar, Federal notes will thus account for around 11 % of the annual auction volume, € 12 bn more than in 2022.
Upcoming Auctions
Tender | Issuance | Volume | Coupon | Maturity |
---|---|---|---|---|
13.06.2023 |
Bobl (N) DE000BU25018 | 5.0 € bn | - | 19.10.2028 |
11.07.2023 |
Bobl (R) DE000BU25018 | 5.0 € bn | - | 19.10.2028 |
08.08.2023 |
Bobl (R) DE000BU25018 | 5.0 € bn | - | 19.10.2028 |
Latest Auction Results
Tender | Issuance | Bid/Cover | Volumes | Yield |
---|---|---|---|---|
09.05.2023 |
Bobl (R) DE000BU25000 | 2.1 | (A) (B) | 2.27% |
11.04.2023 |
Bobl (R) DE000BU25000 | 1.6 | (A) (B) | 2.26% |
14.03.2023 |
Bobl (R) DE000BU25000 | 1.3 | (A) (B) | 2.43% |
Bid/Cover Ratio: Ratio of offered and allocated volume
Outstanding Federal Notes
At the end of 2022, Federal notes with a total volume of € 232 bn were outstanding, 14 % of total volume of Federal securities. The individual Federal notes had a volume of between € 18.5 bn and € 28 bn.
Current Share of Federal Notes in the Volume of all Federal Securities Outstanding
Current Outstanding of Federal Notes
Bond | Maturity | Coupon | Outstanding | Last Issuance | ISIN |
---|---|---|---|---|---|
Total volume | 241,500 € mn | - | |||
187 Bobl | 13.04.2028 | 2.20% | 25,000 € mn | 09.05.2023 | DE000BU25000 |
Bobl | 13.10.2023 | 0.00% | 18,500 € mn | 16.04.2020 | DE0001141786 |
Bobl | 05.04.2024 | 0.00% | 23,500 € mn | 16.04.2020 | DE0001141794 |
Bobl | 18.10.2024 | 0.00% | 22,500 € mn | 16.04.2020 | DE0001141802 |
Bobl | 11.04.2025 | 0.00% | 23,000 € mn | 19.10.2022 | DE0001141810 |
Bobl | 10.10.2025 | 0.00% | 26,500 € mn | 24.01.2023 | DE0001141828 |
Bobl | 10.04.2026 | 0.00% | 28,000 € mn | 19.10.2022 | DE0001141836 |
Bobl | 09.10.2026 | 0.00% | 24,000 € mn | 01.12.2021 | DE0001141844 |
Bobl | 16.04.2027 | 0.00% | 22,000 € mn | 31.05.2022 | DE0001141851 |
Bobl | 15.10.2027 | 1.30% | 28,500 € mn | 21.03.2023 | DE0001141869 |