For the account of the Federal Government, the German Finance Agency through Deutsche Bundesbank will reopen the 3.50 % five-year Federal notes series 152 of 2008 (2013)due on 12 April 2013, residual maturity 4 years 11 months annual coupon date 12 April interest has begun to accrue on 28 March 2008 first interest payment on 12 April 2009 for 380 days ISIN DE0001141521 // WKN 114 152 on 7 May 2008, using an auction procedure. An increase of € 5 billion is envisaged for the issue (auction allotment and amount set aside for secondary market operations). The current volume of the five-year Federal notes amounts to € 7 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.
Time schedule of the auction procedure:
Bidding period: Wednesday, 7 May 2008, from 8.00 a. m. until 11.00 a. m. Frankfurt time
Inclusion in stock exchange trading: Wednesday, 7 May 2008
Value date: Friday, 9 May 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.
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.
Time schedule of the auction procedure:
Bidding period: Wednesday, 7 May 2008, from 8.00 a. m. until 11.00 a. m. Frankfurt time
Inclusion in stock exchange trading: Wednesday, 7 May 2008
Value date: Friday, 9 May 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.
