By Emese Bartha
FRANKFURT--The German federal government has called for bids in its coming auction of five-year federal notes, or Bobl, the Deutsche Bundesbank said Tuesday.
The series on offer is a reopening of an issue, first auctioned May 9.
The following are details of the coming auction:
Date of auction Aug. 1, 2012
Issue five-year bobl
Coupon 0.50%
Maturity April 7, 2017
Amount on offer EUR4 bln
Average yield at
previous auction 0.52%
Settlement date Aug. 3, 2012
The scheduled auction volume includes a tranche to be initially retained by the German Finance Agency for market-tending purposes.
The German Finance Agency manages the country's federal debt, while the Deutsche Bundesbank is responsible for conducting the debt auctions.
Write to Emese Bartha at emese.bartha@dowjones.com
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