Deutsche Bundesbank issues bidding notice
24 April 2018 Frankfurt
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The German Finance Agency acting on behalf of its federal government will reopen via auction the 9 billion two-year 0 percent Federal Treasury notes that was launched in February 2018.
Deutsche Bundesbank said that an increase of €4 billion is envisaged. The current volume amounts to €9 billion.
Members of the Bund Issues Auction Group are entitled to bid, it added. Bids must be for a par value of not less than €1 million or an integral multiple thereof. The price bids must be expressed in terms of a full 0.005 percentage point. Non-competitive bids are possible.
Bids accepted by the issuer will be allotted at the price specified in the bid. Non-competitive bids will be filled at the weighted average price of the competitive bids accepted. The right to scale down bids is reserved.
Bidding will open on 24 April at 8.00 am Central European Time (CET) and close at 11.30 am. The value date will be 26 April. Settlement will be a delivery-versus-payment settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date.
Deutsche Bundesbank said that an increase of €4 billion is envisaged. The current volume amounts to €9 billion.
Members of the Bund Issues Auction Group are entitled to bid, it added. Bids must be for a par value of not less than €1 million or an integral multiple thereof. The price bids must be expressed in terms of a full 0.005 percentage point. Non-competitive bids are possible.
Bids accepted by the issuer will be allotted at the price specified in the bid. Non-competitive bids will be filled at the weighted average price of the competitive bids accepted. The right to scale down bids is reserved.
Bidding will open on 24 April at 8.00 am Central European Time (CET) and close at 11.30 am. The value date will be 26 April. Settlement will be a delivery-versus-payment settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date.
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