German Federal Bank announces tender for 5 billion euros in federal bonds
The German Federal Bank has announced a tender procedure for the increase and re-issuance of federal treasury bills (Bubills) totaling 5 billion euros. The multi-ISIN auction is scheduled for January 19, 2026.
Two Bubills, a 5 Billion Euro Target
The tender involves two federal treasury bills (Bubills) for a total of 5 billion euros.
The existing June 2025 issue will be increased by 2 billion euros.
A new January 2026 issue will be allocated 3 billion euros.
Final amounts are set on January 19.
Bidding Rules and Key Dates
Bids are open to members of the Federal Issues Bidding Group, with a minimum nominal amount of 1 million euros.
Yield bids require 0.001 percentage point increments.
The tender timeline is: Announcement Day (January 16), Bid Submission (January 19), and Value Date (January 21, 2026).