By Frankfurt am Main
15 January 2013
Page 1 of 1
Invitation to bid for 10-year Federal bonds to be issued by auctionFor the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, is offering for sale by auction:
1.50 % bonds of the Federal Republic of Germany of 2013 (2023) due on 15 February 2023, annual coupon date 15 February interest begins to accrue as of 18 January 2013
first interest payment on 15 February 2014 for 393 days
ISIN DE0001102309 // WKN 110 230
envisaged issue volume (auction allotment and amount set aside for secondary market operations): € 5 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 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 specified in the bid. Non-competitive bids are filled at the weighted average price of the competitive bids accepted. The right to scale down bids is reserved.
Time schedule of the auction procedure:
Bidding period: Wednesday, 16 January 2013,
from 8.00 a. m. until 11.30 a. m. Frankfurt time
Stock exchange listing: Wednesday, 16 January 2013
Value date: Friday, 18 January 2013
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.
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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