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Germany Bonds, Schatz 2% 16dec2027, EUR (FIGI BBG01XSR5670, DE000BU22114, WKN BU2211)

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Domestic bonds, Senior Unsecured

Issue | Issuer
Issuer
  • M
    ***  | ***
    ***
  • S&P
    ***  | ***
    ***
  • F
    ***  | ***
    ***
Status
Outstanding
Amount
21,000,000,000 EUR
Placement
***
Redemption (put/call option)
*** (-)
ACI
Country of risk
Germany
Current coupon
***%
Price
Yield / Duration
  • Placement amount
    21,000,000,000 EUR
  • Outstanding amount
    21,000,000,000 EUR
  • USD equivalent
    24,317,160,000 USD
  • Face value
    0.01 EUR
  • ISIN
    DE000BU22114
  • CFI
    DBFTFB
  • FIGI
    BBG01XSR5670
  • SEDOL
    BW5T588
  • Ticker
    BKO 2 12/16/27
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Issue information Germany government bonds (Schatz)

Profile
Germany is a country in Central Europe. The nation's capital and largest city is Berlin, and its financial centre is Frankfurt. Germany has the largest economy in Europe. As a global leader in several industrial, scientific ...
Germany is a country in Central Europe. The nation's capital and largest city is Berlin, and its financial centre is Frankfurt. Germany has the largest economy in Europe. As a global leader in several industrial, scientific and technological sectors, it is both one of the world's largest exporter and importer of goods.

German bond market is one of the world's largest and most liquid markets for sovereign debt. German Government securities are represented by Treasury discount paper (Bubill) (with a maturity of 12 months), Federal Treasury notes (Schatz) (with a maturity of two years, followed by five-year Federal notes (Bobl)) and Federal bonds (Bund) (with maturities of ten and 30 years) issued by the Federal Government. Since 2006, the Federal Government has also been issuing inflation-linked securities with maturities of 5 to 30 years. There are also green bonds in the German bond market issued by the Federal Government.

In Germany, corporate bonds still play a subordinated role compared to other ways of debt financing. In Germany, corporations still prefer borrowing capital in the traditional way, i.e. directly from their house bank instead of raising funds through capital markets.

Nominal and inflation-linked German Government securities are traded on German stock exchanges, numerous international electronic trading platforms and on the over-the-counter (OTC) market.

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  • Issuer
    Go to the issuer page
    Germany
  • Full borrower / issuer name
    Germany
  • Sector
    Sovereign
Volume
  • Placement amount
    21,000,000,000 EUR
  • Outstanding amount
    21,000,000,000 EUR
  • Outstanding face value amount
    21,000,000,000 EUR
  • USD equivalent
    24,317,160,000 USD
Face value
  • Face value
    0.01 EUR
  • Outstanding face value
    *** EUR
  • Increment
    *** EUR

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Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

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Early redemption terms

***

Auctions and additional placements

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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    *** - ***
  • Initial issue amount
    *** EUR
  • Initial issue price (yield)
    (***%)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***

Conversion and exchange

  • Conversion terms
    ***

Issue is included in calculation of indices

Cbonds Germany Sovereign EUR Duration Index
Cbonds Germany Sovereign EUR G-spread Index
Cbonds Germany Sovereign EUR Index
Cbonds Germany Sovereign EUR Price Index
Cbonds Germany Sovereign EUR YTM Index
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Latest issues

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Similar issues

News

06/03/2026 New issue: Germany issued bonds (DE000BU3F007) with the coupon rate of 2.6% in the amount of EUR 4000 mln maturing in 2041
12/09/2025 New issue: Germany issued international bonds (XS3184094806) with the coupon rate of 2.796% in the amount of HKD 3000 mln maturing in 2028
12/09/2025 New issue: Germany issued international bonds (US500769KM51) with the coupon rate of 3.5% in the amount of USD 3000 mln maturing in 2028
27/08/2025 New issue: Germany issued bonds (DE000BU27014) with the coupon rate of 2.5% in the amount of EUR 4000 mln maturing in 2032
12/05/2025 New issue: Germany issued bonds (DE000BU0E295) in the amount of EUR 3000 mln maturing in 2026
All organization news

Related entities

In which the company has interests

Identifiers

  • ISIN
    DE000BU22114
  • Cbonds ID
    1851181
  • CUSIP
    ***
  • CUSIP 144A
    ***
  • CFI
    DBFTFB
  • FIGI
    BBG01XSR5670
  • WKN
    BU2211
  • SEDOL
    BW5T588
  • Ticker
    BKO 2 12/16/27
  • Type of security by CBR
    ***

Ratings

Bond classification

  • Senior Unsecured
  • Schatz
  • Coupon bonds
  • Bearer
  • Non-complex financial instruments (MiFID)
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
  • Trace-eligible
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Restructuring

***

Holders

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