Green Federal Securities to be increased by €1.5 billion
Germany will increase two Green Federal Securities by a total of €1.5 billion through a Multi-ISIN auction on May 5, 2026. The auction aims to allocate €1 billion to the 2029 bond and €0.5 billion to the 2035 bond.
Two Green Bonds, €1.5 Billion Boost
The German government plans to increase two existing Green Federal Securities through a Multi-ISIN auction on May 5, 2026.
The 2.10 percent Green Federal Bonds of 2024 (2029), with ISIN DE000BU35025 and maturity on April 12, 2029, currently have an outstanding volume of €6.5 billion.
The 2.50 percent Green Federal Bond of 2025 (2035), ISIN DE000BU3Z047, matures on February 15, 2035, and has a current issuance volume of €8 billion.
A total increase of €1.5 billion is targeted across both securities, with an intended allocation of €1 billion to the 2029 bond and €0.5 billion to the 2035 bond.
The final allocation amount for each security will be determined during the tender allocation on May 5, 2026.
Auction Mechanics and Green Framework
The Multi-ISIN tender procedure follows a defined schedule: announced May 4, 2026, bids accepted May 5, 2026, from 8:00 AM to 11:30 AM Frankfurt time.
Trading inclusion is also May 5, with valuation on May 7, 2026.
Only members of the Federal Issue Bidding Group are eligible.
The auction adheres to the Deutsche Bundesbank's procedural rules and the Bund Bietungs-System.
The Federal Republic of Germany's Green Bond Framework (January 15, 2026 version), detailing the use of proceeds, applies to these securities.
Steady Green Commitment
This auction represents a routine operational step for the German government in managing its debt portfolio.
The continued issuance of Green Federal Securities underscores Germany's commitment to sustainable finance initiatives.
While not a market-moving event, it provides liquidity for investors focused on ESG criteria.