---
source: Deutsche Finanzagentur / Deutsche Bundesbank
url: https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Pressenotiz/Imported/20260309_PN_Zut_2_A_BIL_DE000BU0E329_A_BIL_DE000BU0E386_en.pdf
document_type: pdf
date_retrieved: 2026-03-16
period: 9 March 2026
parent_publication: Auction result — Federal Treasury discount paper (Bubills), multi-ISIN auction
indicators_covered: [5-Month Bubill Auction, 11-Month Bubill Auction]
alternate_language_url: https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Pressenotiz/Imported/20260309_PN_Zut_2_A_BIL_DE000BU0E329_A_BIL_DE000BU0E386_dt.pdf
---

# Auction result

## Federal Treasury discount paper (Bubills)

Press release  
Frankfurt am Main  
9 March 2026  
Page 1 of 1

Auction result  
Federal Treasury discount paper (Bubills)

The result of the multi-ISIN auction of 9 March 2026 was as follows:

## Auction details

| Field | Reopening 1 | Reopening 2 |
|---|---|---|
| Bubills issue | August 2025 / 12 months | February 2026 / 12 months |
| Due on | 19 August 2026 | 17 February 2027 |
| Maturity | residual 5 months (161 days) | residual 11 months (343 days) |
| ISIN | DE000BU0E329 | DE000BU0E386 |
| Bids | € 1,373.00 mn | € 3,738.00 mn |
| Competitive bids | € 990.00 mn | € 2,160.00 mn |
| Non-competitive bids | € 383.00 mn | € 1,578.00 mn |
| Allotment | € 583.00 mn | € 989.00 mn |
| Highest accepted yield | 2.120 % | 2.283 % |
| Weighted average yield | 2.115 % | 2.279 % |
| Average price | 99.06299 % | 97.87477 % |
| Allotment for bids at the highest accepted yield | 100 % | 100 % |
| Allotment for non-competitive bids | 100 % | 50 % |
| Cover ratio | 2.4 | 3.8 |
| Retention quote | € 1,417.00 mn | € 1,011.00 mn |
| Increase | € 2,000.00 mn | € 2,000.00 mn |
| Previous issue volume | € 9,500.00 mn | € 3,000.00 mn |
| Total issue volume | € 11,500.00 mn | € 5,000.00 mn |

(Own account of the Federal Government) 1)

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

## Source footer

Deutsche Bundesbank, Communications Department  
Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany  
presse@bundesbank.de, www.bundesbank.de  
Reproduction permitted only if source is stated.