Press release Auction result

Frankfurt am Main
7 January 2013
Page 1 of 1

Treasury discount paper (Unverzinsliche Schatzanweisungen - "Bubills") of the Federal Republic of Germany

The result of the auction of 7 January 2013 for the

Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen - "Bubills") January 2013 issue / maturity 6 months

due on 10 July 2013
ISIN DE0001119741 // SIN 111 974

was as follows:

Bids

Competitive bids

€ 5,645.00

mn

€ 7,430.00 mn

Non-competitive bids

€ 1,785.00

mn

€ 7,430.00 mn

Allotment

€

3,515.00 mn

- Lowest accepted price

Deutsche Bundesbank, Communications Department

Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: +49 (0)69 9566 3511 or 3512, Fax: +49 (0)69 9566 3077 presse@bundesbank.de, www.bundesbank.de

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