- Pressemitteilung BoxID 60324
Invitation to bid by auction
Reopening of 10-year Federal bonds
4.25 % bond of the Federal Republic of Germany of 2008 (2018)
due on 4 July 2018
annual coupon date 4 July
interest has begun to accrue on 30 May 2008
first interest payment on 4 July 2009 for 400 days
ISIN DE0001135358 // WKN 113 535
launched on 28 May 2008, using an auction procedure. An increase of € 6 billion is envisaged for the issue (auction allotment and amount set aside for secondary market operations). The current volume of the bond amounts to € 15 billion.
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 price bids 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. The separation of principal and interest payments and their separate trading ("stripping") will be possible.
Time schedule of the auction procedure:
Bidding period: Wednesday, 13 August 2008, from 8.00 a. m. until 11.00 a. m. Frankfurt time Inclusion in stock exchange trading: Wednesday, 13 August 2008 Value date: Friday, 15 August 2008 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 auctions of Federal securities using the Bund Bidding System (BBS) and the Issue terms for Federal securities shall apply.
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