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.

Currently Outstanding Green and Conventional Securities

Bond Maturity Coupon Outstanding Last Issuance ISIN
2021 (2050) Bund/g 15.08.2050 0.00% 10,000 € mn 01.06.2022 DE0001030724
2019 (2050) Bund 15.08.2050 0.00% 34,500 € mn 01.06.2022 DE0001102481
2021 (2031) Bund/g 15.08.2031 0.00% 9,000 € mn 02.11.2022 DE0001030732
2021 (2031) II Bund 15.08.2031 0.00% 32,000 € mn 02.11.2022 DE0001102564
2020 (2030) Bund/g 15.08.2030 0.00% 9,500 € mn 20.07.2022 DE0001030708
2020 (2030) II Bund 15.08.2030 0.00% 33,500 € mn 20.07.2022 DE0001102507
Bobl/g 10.10.2025 0.00% 5,000 € mn 04.11.2020 DE0001030716
Bobl 10.10.2025 0.00% 25,000 € mn 02.12.2020 DE0001141828
Bobl/g 15.10.2027 1.30% 5,000 € mn 31.08.2022 DE0001030740
Bobl 15.10.2027 1.30% 27,000 € mn 22.11.2022 DE0001141869

At the end of 2021, green Federal securities with a total volume of € 24 bn were outstanding. The individual securities had a volume of between € 5 bn and € 6.5 bn. Green Federal securities accounted for around 1 % or € 52 bn of the total turnover of all Federal securities in 2021, compared with € 24 bn in the previous year.

Learn more about the Trading Volumes of all Federal Securities