By Laura Contemori – ROME (Econostream) – Germany’s debt management agency, Finanzagentur, on Wednesday allotted €2.673 billion to bidders in a reopening of the 2.50% federal bond (Bund) due November 15, 2032.

The weighted-average price was 98.93, corresponding to an average yield of 2.68%. The lowest accepted price was 98.91, with bids at that level allotted in full.

Total bids amounted to €3.083 billion, including €1.418 billion in price bids and €1.665 billion in non-competitive bids, resulting in a bid-to-cover ratio of 1.2. Non-competitive bids were allotted in full.

The reopening increased the outstanding volume of the bond by €3.5 billion to €26 billion from €22.5 billion, including €827 million retained by the Federal Government.

Settlement was scheduled for July 3, 2026.