Announcement of auction

New 10-year inflation-linked Federal bond issue

Frankfurt, (PresseBox) - On 21 March 2012, the Federal Government will issue by auction a new 10-year inflation-linked Federal bond, which will mature on 15 April 2023. An issue volume of € 2 billion (including the amount set aside for secondary market operations) is envisaged. Members of the Bund Issues Auction Group are entitled to bid.

Time schedule of the auction procedure:

Date of invitation to bid: Tuesday, 20 March 2012
Bidding period: Wednesday, 21 March 2012, from 8.00 a. m. until 12.00 noon Frankfurt time
Stock exchange listing: Wednesday, 21 March 2012
Value date: Friday, 23 March 2012

Terms of the new inflation-linked Federal bond:

Coupon: 0.10 %
Maturity: 15 April 2023
Interest payment: 15 April annually, interest begins to accrue on 23 March 2012
First interest payment: 15 April 2013
Reference index: Harmonized Index of Consumer Prices (HICP) of the Euro area excluding tobacco
Indexbasis: 113.23581
Indexation Coefficient: 1.00000 (on the value date 23 March 2012)
ISIN: DE0001030542

In addition, the Auction rules, the Special terms and conditions of the Deutsche Bundesbank for auctions of Federal securities using the Bund Bidding System (BBS) and the Issuance terms and conditions for inflation-linked Federal bonds and inflation-linked Federal notes shall apply.

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