Outstanding Green Federal Securities
Green Federal securities each reach an outstanding volume of at least around € 10 bn. At the end of 2025, eight green Federal securities with a total volume of € 79.25 bn were outstanding. This corresponded to around 4 % of the volume of all Federal securities. In April 2025, a new green Federal bond was issued, so that by the time the green Federal bond issued on 6 November 2020 matured, there were nine green Federal securities outstanding.
| Bond | Maturity | Coupon | Outstanding | Last Issuance | ISIN |
|---|---|---|---|---|---|
| Total volume | 79,250 € mn | - | |||
| 2025 (2035) Bund/g | 15.02.2035 | 2.50% | 5,750 € mn | 21.10.2025 | DE000BU3Z047 |
| 2023 (2053) Bund/g | 15.08.2053 | 1.80% | 12,000 € mn | 20.05.2025 | DE0001030757 |
| 2023 (2033) Bund/g | 15.02.2033 | 2.30% | 12,000 € mn | 22.07.2025 | DE000BU3Z005 |
| 2021 (2050) Bund/g | 15.08.2050 | 0.00% | 12,750 € mn | 10.09.2024 | DE0001030724 |
| 2021 (2031) Bund/g | 15.08.2031 | 0.00% | 9,500 € mn | 09.09.2025 | DE0001030732 |
| 2020 (2030) Bund/g | 15.08.2030 | 0.00% | 11,000 € mn | 20.05.2025 | DE0001030708 |
| Bobl/g | 15.10.2027 | 1.30% | 9,750 € mn | 21.10.2025 | DE0001030740 |
| Bobl/g | 12.04.2029 | 2.10% | 6,500 € mn | 17.06.2025 | DE000BU35025 |
Trading
On the secondary market for green Federal securities, the Finance Agency carries out its activities already established for conventional Federal securities. Here, the construction as twin bonds and the increased own holdings in conventional securities facilitate debt-neutral, combined buy/sell transactions between the twin securities. Moreover, the additional own portfolio of the conventional bonds can be used for repo transactions or securities lending. The high liquidity of the conventional Federal securities is not affected by their green twins, and the benchmark status of the Federal government remains secure.
Trading in green Federal securities reached a new record high of € 117 bn in 2024, up from € 81 bn in the previous year. Similarly, their share of the trading volume in all Federal securities rose from 1 % to 2 %.