For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, is offering for sale by auction:
4.25 % bonds of the Federal Republic of Germany of 2007 (2017)
maturity 10 years, due on 4 July 2017
annual coupon date 4 July
interest begins to accrue as of 25 May 2007
first interest payment on 4 July 2008 for 406 days
ISIN DE0001135333 // WKN 113 533
envisaged issue volume (auction allotment and amount
set aside for secondary market operations): € 7 billion
The separate trading of principal and interest payments ("stripping") is possible.
Members of the Bund Issues Auction Group are entitled to bid. Bids must be for a par value of not less than € 1 million or an integral multiple thereof. The prices bid must be expressed in terms of full 0.01 percentage points. Non-competitive bids are possible. The bids accepted by the issuer will be allotted at the price bid. Non-competitive bids are filled at the weighted average price of the bids accepted. The right to scale down bids is reserved.
Time schedule of the auction procedure:
Bidding period: Wednesday, 23 May 2007,
from 8.00 a. m. until 11.00 a. m. Frankfurt time
Stock exchange listing: Wednesday, 23 May 2007
Value date: Friday, 25 May 2007
Settlement: delivery versus payment-settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date
In addition, the Auction rules, the Special terms and conditions of the Deutsche Bundesbank for auction of Federal securities using the Bund Bidding System (BBS) and the Issue terms for Federal securities shall apply.
4.25 % bonds of the Federal Republic of Germany of 2007 (2017)
maturity 10 years, due on 4 July 2017
annual coupon date 4 July
interest begins to accrue as of 25 May 2007
first interest payment on 4 July 2008 for 406 days
ISIN DE0001135333 // WKN 113 533
envisaged issue volume (auction allotment and amount
set aside for secondary market operations): € 7 billion
The separate trading of principal and interest payments ("stripping") is possible.
Members of the Bund Issues Auction Group are entitled to bid. Bids must be for a par value of not less than € 1 million or an integral multiple thereof. The prices bid must be expressed in terms of full 0.01 percentage points. Non-competitive bids are possible. The bids accepted by the issuer will be allotted at the price bid. Non-competitive bids are filled at the weighted average price of the bids accepted. The right to scale down bids is reserved.
Time schedule of the auction procedure:
Bidding period: Wednesday, 23 May 2007,
from 8.00 a. m. until 11.00 a. m. Frankfurt time
Stock exchange listing: Wednesday, 23 May 2007
Value date: Friday, 25 May 2007
Settlement: delivery versus payment-settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date
In addition, the Auction rules, the Special terms and conditions of the Deutsche Bundesbank for auction of Federal securities using the Bund Bidding System (BBS) and the Issue terms for Federal securities shall apply.
