Announcement - Federal Treasury discount paper (Bubills)

Press release

Frankfurt am Main 8 January 2021 Page 1 of 2

Announcement

Federal Treasury discount paper (Bubills)

According to the issuance schedule of the German Federal Government for the first quarter of 2021 the following Bubills will be reopened once again by a multi-ISIN auction on 18 January 2021:

Reopening

Federal Treasury discount paper (Bubills)

April 2020 issue / maturity 12 months

ISIN DE0001030203

Current volume: € 15 billion

Due on 14 April 2021

Residual maturity: 3 months (84 interest days)

Reopening

Federal Treasury discount paper (Bubills)

October 2020 issue / maturity 12 months

ISIN DE0001030260

Current volume : € 4.5 billion

Due on 27 October 2021

Residual maturity: 9 months (280 interest days)

A total amount of € 6 billion is envisaged for the reopened Bubills (including respective retention quote) with a planned share of € 3 billion for each Bubill. The effective increase amount of each Bubill will be determined as part of the auction allotment on 18 January 2021.

Deutsche Bundesbank, Kommunikation

Wilhelm-Epstein-Straße 14, 60431 Frankfurt am Main, Telefon: [phone] oder -3512, Telefax: [phone] [e-mail], www.bundesbank.de

Bei publizistischer Verwertung wird um die Angabe der Quelle gebeten.

Frankfurt am Main 8 January 2021 Page 2 of 2

Members of the Bund Issues Auction Group are entitled to bid. Bids are to be submitted through the Bund Bidding System BBS and 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 0.00005 percentage points. Non- competitive bids are possible. The bids accepted by the issuer will be allotted at the price specified in the 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:

Date of invitation to bid:	Friday, 15 January 2021
Bidding period:	Monday, 18 January 2021,
	from 8.00 a.m. until 11.30 a.m. Frankfurt time
Value date:	Wednesday, 20 January 2021

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.

Deutsche Bundesbank, Communications Department

Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: [phone] or 3512, Fax: [phone] [e-mail], www.bundesbank.de

Reproduction permitted only if source is stated.