Invitation to bid - Federal Treasury discount paper (Bubills)

Press release

Frankfurt am Main 8 January 2021 Page 1 of 2

Invitation to bid

Federal Treasury discount paper (Bubills)

As already announced the following Bubills will be reopened or newly issued by a multi-ISIN auction on 11 January 2021:

Reopening

Federal Treasury discount paper (Bubills)

June 2020 issue / maturity 12 months

ISIN DE0001030229

Current volume: € 13.5 billion

Due on 9 June 2021

Residual maturity: 5 months (147 interest days)

New issue

Federal Treasury discount paper (Bubills)

January 2021 issue / maturity 11 months

ISIN DE0001030328

Due on 15 December 2021 (336 interest days)

A total amount of € 7 billion is envisaged for the reopened and newly issued Bubill (including respective retention quote) with a planned share of € 3 billion for the Bubill with ISIN DE0001030229 and € 4 billion for the Bubill with ISIN DE0001030328. The effective increase or new issue amount of each Bubill will be determined by the allotment on 11 January 2021.

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 as full 0.00005 percentage points.

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

It is possible to make non-competitive bids and to submit several bids at different prices. No yield bids will be considered. 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 price bids accepted. The right to scale down bids is reserved.

Time schedule of the auction procedure:

Bidding period:	Monday, 11 January 2021, from 8.00 a.m. until 11.30 a.m. Frankfurt time
Value date:	Wednesday, 13 January 2021
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.

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.