Trading

On the secondary market for green Federal securities, the Finance Agency carries out its activities already established for conventional Federal securities. Here, the construction as twin bonds and the increased own holdings in conventional securities facilitate debt-neutral, combined buy/sell transactions between the twin securities. Moreover, the additional own portfolio of the conventional bonds can be used for repo transactions or securities lending. The high liquidity of the conventional Federal securities is not affected by their green twins, and the benchmark status of the Federal government remains secure.

Currently Outstanding Green and Conventional Securities

Bond Maturity Coupon Outstanding Last Issuance ISIN
2023 (2053) Bund/g 15.08.2053 1.80% 9,500 € mn 04.06.2024 DE0001030757
2022 (2053) Bund 15.08.2053 1.80% 31,000 € mn 20.11.2024 DE0001102614
2023 (2033) Bund/g 15.02.2033 2.30% 10,000 € mn 08.10.2024 DE000BU3Z005
2023 (2033) Bund 15.02.2033 2.30% 38,250 € mn 05.07.2023 DE000BU2Z007
2021 (2050) Bund/g 15.08.2050 0.00% 12,750 € mn 10.09.2024 DE0001030724
2019 (2050) Bund 15.08.2050 0.00% 42,500 € mn 16.10.2024 DE0001102481
2021 (2031) Bund/g 15.08.2031 0.00% 9,000 € mn 02.11.2022 DE0001030732
2021 (2031) II Bund 15.08.2031 0.00% 32,000 € mn 02.11.2022 DE0001102564
2020 (2030) Bund/g 15.08.2030 0.00% 10,000 € mn 02.07.2024 DE0001030708
2020 (2030) II Bund 15.08.2030 0.00% 33,500 € mn 20.07.2022 DE0001102507
Bobl/g 10.10.2025 0.00% 8,500 € mn 26.03.2024 DE0001030716
Bobl 10.10.2025 0.00% 27,500 € mn 07.06.2023 DE0001141828
Bobl/g 15.10.2027 1.30% 9,000 € mn 23.01.2024 DE0001030740
Bobl 15.10.2027 1.30% 30,000 € mn 30.08.2023 DE0001141869
Bobl/g 12.04.2029 2.10% 4,500 € mn 10.09.2024 DE000BU35025
189 Bobl 12.04.2029 2.10% 25,000 € mn 18.06.2024 DE000BU25026

Trading in green Federal securities reached its highest volume to date of € 81 bn in 2023, after € 75 bn in the previous year. In both years, green securities accounted for 1 % of the trading volume of all Federal securities.

Learn more about the Trading Volumes of all Federal Securities