The Federal Republic of Germany issues Treasury discount paper, Federal Treasury notes, five-year Federal notes and Federal bonds on the following issue terms.

The issue terms and amendments to them will be published in the Federal Gazette by the Federal Ministry of Finance.

The current terms for the Treasury discount paper, Federal Treasury notes, five-year Federal notes and Federal bonds offered for sale by auction and deviations from the present issue terms will be shown in the respective invitation to bid, which will be announced by the Deutsche Bundesbank through press release and public wire services.