Deutsche Bundesbank : Auction result of the new five-year Green Federal notes (“Bobls”) of 2020 Increase of the conventional 0% five-year Federal notes series 182 of 2020

Press release

Frankfurt am Main 4 November 2020 Page 1 of 2

Auction result of the new five-year Green Federal notes ("Bobls") of 2020 (2025) Increase of the conventional 0% five-year Federal notes series 182 of 2020 (2025)

The result of the auction of 4 November 2020 for the

0 % five-year Green Federal notes of 2020 (2025)

Maturity: 10 October 2025

ISIN DE0001030716

was as follows:
Bids			€	5,961.00 mn
Competitive bids	€	1,600.00	mn
Non-competitive bids	€	4,361.00	mn
Allotment			€	4,620.75 mn
- Lowest accepted price		104.26	%
- Weighted average price		104.27	%
- Average yield		-0.85	%
- Allotment
- for bids at the lowest accepted price		100	%
- for non-competitive bids		75	%
Cover ratio		1.3
Retention quote			€	379.25 mn
(Own account of the Federal Government) 1)
Issue volume			€	5,000.00 mn

1. Placing by the German Finance Agency in the secondary market

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.

Frankfurt am Main 4 November 2020 Page 2 of 2

The Federal Republic of Germany spent an amount equal to the proceeds derived from the issue of the 0% five-year Green Federal notes of 2020 (2025) for expenditures that comply, on the date of the issue of the 0% five-year Green Federal notes of 2020 (2025), with the requirements stipulated by the Federal Republic of Germany in its Green Bond Framework dated 24 August 2020.

Increase of the conventional 0% five-year Federal notes series 182 of 2020 (2025)

Furthermore, with effect from 6 November 2020, the outstanding volume of the conventional twin bond, the 0% five-year Federal note series 182 of 2020 (2025), due on 10 October 2025, ISIN DE0001141828, is increased by € 5 billion. This increase will be added to the Federal Government's own holdings. The outstanding volume of the conventional 0% five-year Federal note series 182 of 2020 (2025) is now € 23 billion.

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.