For the account of the Federal Government, the German Finance Agency, through Deutsche Bundesbank, is offering for sale by auction:
4.75 % bonds of the Federal Republic of Germany of 2008 (2040)
due on 4 July 2040
annual coupon date 4 July
interest has begun to accrue as of 4 July 2008
first interest payment on 4 July 2009
ISIN DE0001135366 // WKN 113 536
envisaged issue volume (auction allotment and amount
set aside for secondary market operations): € 4 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 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, 23 July 2008,
from 8.00 a. m. until 11.00 a. m. Frankfurt time
Stock exchange listing: Wednesday, 23 July 2008
Value date: Friday, 25 July 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 auction of Federal securities using the Bund Bidding System (BBS) and the Issue terms for Federal securities shall apply.
4.75 % bonds of the Federal Republic of Germany of 2008 (2040)
due on 4 July 2040
annual coupon date 4 July
interest has begun to accrue as of 4 July 2008
first interest payment on 4 July 2009
ISIN DE0001135366 // WKN 113 536
envisaged issue volume (auction allotment and amount
set aside for secondary market operations): € 4 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 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, 23 July 2008,
from 8.00 a. m. until 11.00 a. m. Frankfurt time
Stock exchange listing: Wednesday, 23 July 2008
Value date: Friday, 25 July 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 auction of Federal securities using the Bund Bidding System (BBS) and the Issue terms for Federal securities shall apply.
