As already announced on 16 October 2007, acting for the account of the German Federal Government, the German Finance Agency, through the Deutsche Bundesbank, is offering for sale by auction:
2.25 % inflation-linked Federal notes of 2007 (2013)
ISIN DE0001030518 // SIN 103 051
envisaged issue volume (auction allotment and amount set aside for secondary market operations): € 4 billion
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. 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.
The auction allotments for inflation-linked Federal notes will be included in the existing ranking list of the auction group members for Federal securities issued in auctions. The weighting factor of inflationlinked Federal notes thereby corresponds to the weighting factor of the nominal interest-bearing fiveyear Federal notes ("Bundesobligationen").
The bidding deadline ends – in contrast to usual auctions – at 12.00 a. m. Frankfurt time.
Time schedule of the auction procedure:
-Bidding period: Wednesday, 24 October 2007, from 8.00 a. m. until 12.00 a. m. Frankfurt time
-Stock exchange trading: starting Wednesday, 24 October 2007
-Value date: Friday, 26 October 2007
-Settlement: Delivery versus payment-settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date.
Terms of the new inflation-linked Federal notes:
-Maturity: 15 April 2013
-Interest payment: 15 April annually, interest has begun to accrue on 15 April 2007
-First interest payment: 15 April 2008
-Reference index: Harmonized Index of Consumer Prices (HICP) of the Euro area excluding tobacco Indexation Coefficient: 1.01610 (on the value date 26 October 2007)
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 terms and conditions of these Federal notes shall apply.
2.25 % inflation-linked Federal notes of 2007 (2013)
ISIN DE0001030518 // SIN 103 051
envisaged issue volume (auction allotment and amount set aside for secondary market operations): € 4 billion
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. 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.
The auction allotments for inflation-linked Federal notes will be included in the existing ranking list of the auction group members for Federal securities issued in auctions. The weighting factor of inflationlinked Federal notes thereby corresponds to the weighting factor of the nominal interest-bearing fiveyear Federal notes ("Bundesobligationen").
The bidding deadline ends – in contrast to usual auctions – at 12.00 a. m. Frankfurt time.
Time schedule of the auction procedure:
-Bidding period: Wednesday, 24 October 2007, from 8.00 a. m. until 12.00 a. m. Frankfurt time
-Stock exchange trading: starting Wednesday, 24 October 2007
-Value date: Friday, 26 October 2007
-Settlement: Delivery versus payment-settlement in the night-time processing of Clearstream Banking AG Frankfurt, beginning on the eve of the value date.
Terms of the new inflation-linked Federal notes:
-Maturity: 15 April 2013
-Interest payment: 15 April annually, interest has begun to accrue on 15 April 2007
-First interest payment: 15 April 2008
-Reference index: Harmonized Index of Consumer Prices (HICP) of the Euro area excluding tobacco Indexation Coefficient: 1.01610 (on the value date 26 October 2007)
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 terms and conditions of these Federal notes shall apply.
