NauticAWT : Auction announcement Reopening - Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen – “Bubills”)

Press release

Frankfurt am Main 10 January 2020 Page 1 of 1

Auction announcement

Reopening Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen - "Bubills")

As already announced in the issuance calendar for the first quarter of 2020, the Federal Government will reopen the

Treasury discount paper of the Federal Republic of Germany (Unverzinsliche Schatzanweisungen - "Bubills")

December 2019 issue / maturity 6 months

issued on 9 December 2019, due on 10 June 2020 residual maturity 5 months (140 interest days) ISIN DE0001137834

on 20 January 2020, using an auction procedure. An increase of € 1.5 billion is envisaged for the issue (auction allotment and retention quote). The current volume amounts to € 3 billion. Members of the Bund Issues Auction Group are entitled to bid.

Time schedule of the auction procedure:

Date of invitation to bid:	Friday, 17 January 2020
Bidding period:	Monday, 20 January 2020,
	from 8.00 a.m. until 11.30 a.m. Frankfurt time
Value date:	Wednesday, 22 January 2020

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.