Germany net bond issuance by issuer
Germany net bond issuance by issuer group and maturity, published by the Deutsche Bundesbank.
Loading chart data…
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nominal value28 | ||||||||||||||||||||||||||||||||||||||
| Nominal value, Total | 8,794 | 58,285 | 19,614 | 49,053 | -34 | -7,731 | 8,063 | 65,469 | -30,969 | 34,358 | 13,479 | 17,850 | 7,206 | 44,137 | 35,751 | 33,212 | -19,344 | 22,308 | -8,552 | 37,624 | -22,127 | 20,351 | 12,141 | 11,706 | 6,815 | 415 | 15,859 | 5,787 | -9,914 | 17,943 | 12,862 | 4,841 | -11,217 | 30,649 | -7,927 | 12,991 | 15,869 | |
| Nominal value, agreed maturity up to and including 4 years, Total | 17,221 | 12,200 | 2,162 | -1,822 | 16,028 | -27,186 | -1,611 | 8,438 | -24,243 | 11,966 | 8,399 | -5,162 | 21,128 | 14,156 | -8,250 | 4,253 | -6,911 | 954 | 3,230 | 1,769 | -19,356 | 6,334 | 9,036 | -6,424 | 3,153 | -5,830 | 3,733 | 1,126 | -17,507 | -10,458 | 2,682 | -10,342 | -12,585 | 14,676 | -14,263 | -9,332 | 17,319 | |
| Nominal value, Maturities of more than four years, Total | -8,427 | 46,084 | 17,452 | 50,875 | -16,062 | 19,454 | 9,674 | 57,031 | -6,726 | 22,392 | 5,079 | 23,012 | -13,922 | 29,981 | 44,001 | 28,959 | -12,433 | 21,354 | -11,782 | 35,855 | -2,771 | 14,017 | 3,106 | 18,130 | 3,662 | 6,245 | 12,125 | 4,662 | 7,593 | 28,401 | 10,180 | 15,183 | 1,368 | 15,973 | 6,335 | 22,323 | -1,450 | |
| Nominal value, Debt securities issued by special purpose credit institutions | 7,846 | 1,183 | 8,178 | -1,120 | 6,873 | -14,855 | -1,665 | 5,221 | -11,622 | 4,825 | 1,877 | 3,140 | 14,213 | 5,395 | -2,804 | 15,634 | -14,308 | 11,090 | 896 | 3,269 | -3,613 | -6,635 | -3,340 | 11,086 | 1,338 | -19,593 | 9,726 | 2,782 | -14,334 | 8,865 | -522 | -2,865 | 9,314 | 7,149 | -895 | -4,706 | 7,387 | |
| Nominal value, agreed maturity up to and including 4 years, Bank debt securities issued by special purpose credit institutions | 4,265 | -2,218 | 8,141 | -10,349 | 872 | -11,722 | -8,357 | -8,770 | -5,732 | 3,592 | -3,608 | 909 | 13,510 | 5,416 | -1,921 | 8,345 | -13,548 | 15,489 | 1,442 | 173 | 4,792 | -2,694 | -837 | 10,360 | -216 | -6,391 | 15,096 | -2,875 | -15,103 | 7,470 | -7,979 | -6,919 | 14,126 | 10,714 | -11,865 | -4,371 | 6,716 | |
| Nominal value, Maturities of more than four years, Bank debt securities issued by special purpose credit institutions | 3,581 | 3,401 | 38 | 9,229 | 6,001 | -3,133 | 6,692 | 13,991 | -5,890 | 1,232 | 5,485 | 2,231 | 704 | -21 | -883 | 7,289 | -761 | -4,399 | -545 | 3,096 | -8,405 | -3,941 | -2,503 | 727 | 1,554 | -13,201 | -5,370 | 5,656 | 769 | 1,394 | 7,457 | 4,055 | -4,812 | -3,565 | 10,969 | -335 | 671 | |
| Nominal value, Public Pfandbriefe | 216 | 1,510 | -1 | 1,292 | 528 | 806 | 1,355 | 431 | -1,039 | 59 | 370 | -1,229 | 1,010 | 454 | 205 | 3,057 | 44 | -529 | 1,291 | 1,234 | 258 | -514 | -117 | 442 | -237 | 480 | -207 | 77 | -1,562 | -498 | 1,691 | 1,400 | 1,288 | 904 | -1,529 | -809 | 541 | |
| Nominal value, agreed maturity up to and including 4 years, Public Pfandbriefe | 15 | 109 | 1,493 | 7 | 493 | -365 | 0 | 16 | -900 | 0 | -173 | 500 | 0 | -20 | -187 | -65 | 88 | -50 | 947 | 750 | 513 | 0 | -717 | 632 | -100 | 0 | -940 | 0 | -2,038 | -22 | 800 | 1,093 | 248 | 454 | -888 | 350 | 13 | |
| Nominal value, Maturities of more than four years, Public Pfandbriefe | 201 | 1,402 | -1,494 | 1,285 | 35 | 1,171 | 1,355 | 415 | -139 | 59 | 543 | -1,729 | 1,010 | 474 | 392 | 3,122 | -44 | -479 | 344 | 484 | -255 | -514 | 600 | -190 | -137 | 480 | 733 | 77 | 476 | -476 | 891 | 307 | 1,040 | 450 | -641 | -1,159 | 528 | |
| Nominal value, Mortgage Pfandbriefe | -2,176 | 11,664 | -1,784 | 1,722 | -1,295 | -1,665 | -1,104 | 5,543 | -789 | -1,339 | 1,590 | -1,953 | -863 | 2,397 | 1,601 | 216 | 387 | -1,722 | 2,181 | 1,464 | -1,472 | -526 | 556 | -4,138 | 1,758 | -1,491 | -486 | -2,643 | 2,897 | 1,459 | 1,102 | -569 | 308 | 4,984 | -2,527 | 28 | 2,930 | |
| Nominal value, agreed maturity up to and including 4 years, Mortgage Pfandbriefe | -506 | 426 | -690 | -640 | -1,888 | -1,790 | -1,958 | -515 | -990 | -2,128 | 28 | -1,289 | -272 | -50 | 572 | 130 | -441 | -240 | -341 | 1,968 | -727 | -47 | -496 | -2,711 | -255 | -440 | 880 | 1,027 | 329 | -20 | 1,351 | 173 | 393 | 250 | -315 | -1,467 | 598 | |
| Nominal value, Maturities of more than four years, Mortgage Pfandbriefe | -1,670 | 11,239 | -1,094 | 2,362 | 592 | 126 | 854 | 6,057 | 201 | 788 | 1,561 | -664 | -592 | 2,447 | 1,029 | 86 | 828 | -1,482 | 2,522 | -504 | -745 | -478 | 1,052 | -1,427 | 2,012 | -1,051 | -1,366 | -3,670 | 2,568 | 1,478 | -249 | -742 | -85 | 4,734 | -2,212 | 1,494 | 2,332 | |
| Nominal value, Other bank debt securities | 2,904 | 7,139 | 3,205 | 3,888 | 1,212 | -3,420 | 426 | 6,823 | 2,892 | 2,046 | 3,995 | -1,598 | 3,161 | 1,504 | 8,583 | -3,803 | -7,336 | 1,542 | 5,986 | 8,068 | -6,921 | 3,044 | 5,485 | 589 | 459 | 2,563 | 918 | 2,505 | 2,346 | 3,713 | 5,078 | 6,243 | -609 | 391 | 3,356 | -897 | -1,249 | |
| Nominal value, agreed maturity up to and including 4 years, Other bank debt securities | 3,062 | 5,254 | 2,740 | 1,635 | -326 | -2,595 | -1,038 | 2,151 | 229 | -94 | 1,798 | 496 | 1,099 | -809 | 6,366 | -3,426 | -3,088 | 1,956 | 2,516 | 5,266 | -3,572 | 2,387 | 4,095 | 43 | 557 | 821 | -773 | 1,774 | 371 | 3,247 | 2,471 | 4,691 | -866 | 395 | 1,728 | 1,441 | 1,570 | |
| Nominal value, Maturities of more than four years, Other bank debt securities | -158 | 1,884 | 465 | 2,253 | 1,537 | -825 | 1,465 | 4,671 | 2,663 | 2,140 | 2,197 | -2,094 | 2,061 | 2,312 | 2,217 | -377 | -4,248 | -414 | 3,470 | 2,802 | -3,349 | 657 | 1,391 | 545 | -98 | 1,742 | 1,692 | 731 | 1,975 | 466 | 2,606 | 1,552 | 257 | -4 | 1,628 | -2,337 | -2,819 | |
| Nominal value, Non-financial corporations | -223 | 4,712 | 5,206 | 3,378 | 4,581 | -2,677 | 4,258 | 3,351 | -2,470 | 3,914 | 564 | 2,112 | -5,382 | 46 | -2,088 | -2,469 | 3,938 | 3,169 | -1,067 | 409 | -3,354 | 476 | 2,624 | 1,457 | 1,894 | -3,690 | 234 | 3,938 | 4,984 | 4,470 | -696 | 2,954 | -2,769 | -2,611 | -63 | -281 | 732 | |
| Nominal value, Bank debt securities | 8,790 | 21,496 | 9,598 | 5,781 | 7,318 | -19,134 | -988 | 18,018 | -10,558 | 5,591 | 7,831 | -1,641 | 17,521 | 9,749 | 7,585 | 15,104 | -21,213 | 10,380 | 10,354 | 14,035 | -11,747 | -4,631 | 2,585 | 7,980 | 3,317 | -18,041 | 9,951 | 2,720 | -10,653 | 13,538 | 7,348 | 4,209 | 10,301 | 13,427 | -1,596 | -6,384 | 9,610 | |
| Nominal value, agreed maturity up to and including 4 years, Bank debt securities | 6,835 | 3,571 | 11,683 | -9,347 | -848 | -16,472 | -11,354 | -7,117 | -7,393 | 1,371 | -1,955 | 616 | 14,338 | 4,537 | 4,830 | 4,984 | -16,989 | 17,155 | 4,563 | 8,157 | 1,007 | -354 | 2,045 | 8,324 | -14 | -6,010 | 14,263 | -73 | -16,441 | 10,676 | -3,357 | -963 | 13,901 | 11,813 | -11,340 | -4,047 | 8,897 | |
| Nominal value, Maturities of more than four years, Bank debt securities | 1,955 | 17,925 | -2,085 | 15,128 | 8,166 | -2,662 | 10,366 | 25,134 | -3,165 | 4,220 | 9,786 | -2,256 | 3,183 | 5,212 | 2,755 | 10,120 | -4,224 | -6,775 | 5,791 | 5,878 | -12,754 | -4,277 | 540 | -345 | 3,331 | -12,031 | -4,312 | 2,794 | 5,788 | 2,862 | 10,705 | 5,172 | -3,600 | 1,614 | 9,744 | -2,337 | 712 | |
| Nominal value, Public debt securities | 508 | 34,693 | 6,988 | 39,527 | -14,432 | 15,589 | 5,840 | 46,989 | -16,204 | 25,726 | 4,963 | 16,802 | -2,723 | 35,665 | -934 | 18,440 | -1,444 | 7,619 | -17,684 | 25,811 | -17,607 | 22,798 | 7,344 | 762 | 1,705 | 22,947 | 3,578 | -532 | -4,233 | 620 | 7,827 | -3,740 | -16,644 | 21,239 | -4,135 | 11,300 | 8,050 | |
| Nominal value, agreed maturity up to and including 4 years, Public debt securities | 10,649 | 8,688 | -11,694 | 7,396 | 15,043 | -8,705 | 8,219 | 17,274 | -15,927 | 11,591 | 9,313 | -5,073 | 7,662 | 8,770 | -12,508 | -1,010 | 5,915 | -16,797 | -1,130 | -2,319 | -20,511 | 8,938 | 6,552 | -12,763 | 2,605 | 3,314 | -12,182 | -607 | -2,163 | -20,735 | 5,999 | -9,429 | -22,938 | 5,984 | -2,790 | -7,049 | 8,370 | |
| Nominal value, Maturities of more than four years, Public debt securities | -10,141 | 26,005 | 18,681 | 32,131 | -29,475 | 24,294 | -2,379 | 29,715 | -277 | 14,135 | -4,350 | 21,875 | -10,385 | 26,895 | 11,574 | 19,450 | -7,360 | 24,416 | -16,554 | 28,131 | 2,904 | 13,860 | 792 | 13,525 | -900 | 19,633 | 15,760 | 75 | -2,070 | 21,355 | 1,827 | 5,689 | 6,294 | 15,255 | -1,345 | 18,349 | -320 | |
| Nominal value, Corporate bonds | -504 | 2,096 | 3,028 | 3,745 | 7,081 | -4,187 | 3,210 | 462 | -4,207 | 3,041 | 685 | 2,689 | -7,593 | -1,277 | 29,100 | -333 | 3,313 | 4,309 | -1,222 | -2,223 | 7,227 | 2,184 | 2,212 | 2,965 | 1,793 | -4,490 | 2,329 | 3,598 | 4,972 | 3,784 | -2,312 | 4,372 | -4,873 | -4,018 | -2,197 | 8,074 | -1,791 | |
| Nominal value, agreed maturity up to and including 4 years, Corporate bonds (Non-MFIs) | -264 | -59 | 2,173 | 129 | 1,834 | -2,009 | 1,523 | -1,720 | -923 | -996 | 1,042 | -705 | -872 | 848 | -572 | 279 | 4,162 | 596 | -203 | -4,069 | 149 | -2,250 | 438 | -1,984 | 562 | -3,134 | 1,652 | 1,805 | 1,097 | -399 | 40 | 50 | -3,548 | -3,121 | -133 | 1,763 | 52 | |
| Nominal value, Maturities of more than four years, Corporate bonds (Non-MFIs) | -240 | 2,154 | 856 | 3,616 | 5,248 | -2,178 | 1,687 | 2,182 | -3,284 | 4,036 | -357 | 3,393 | -6,721 | -2,126 | 29,671 | -611 | -849 | 3,713 | -1,019 | 1,846 | 7,078 | 4,434 | 1,774 | 4,949 | 1,231 | -1,356 | 677 | 1,793 | 3,875 | 4,184 | -2,352 | 4,322 | -1,326 | -896 | -2,064 | 6,311 | -1,843 | |
| Nominal value, Corporations (Non-MFIs), Commercial paper | -258 | 94 | 514 | -487 | 1,051 | -167 | 1,549 | 1,099 | -1,053 | -532 | -233 | -2,095 | 28 | 252 | -936 | 17 | 2,060 | 51 | 1,061 | -983 | 846 | -2,729 | -87 | -2,418 | 461 | 138 | 345 | 1,989 | 883 | -109 | -97 | -635 | -2,466 | -1,980 | -39 | 247 | -281 | |
| Nominal value, Other financial intermediaries | -311 | -1,346 | -2,207 | 376 | 1,510 | -1,395 | -1,101 | -1,517 | -1,535 | -791 | -179 | -748 | -1,273 | -1,318 | 30,772 | 2,087 | -784 | 14 | -81 | -2,211 | 10,571 | 1,759 | 1,061 | -702 | -207 | -636 | 1,965 | -1,858 | -586 | -708 | -1,648 | 510 | -2,096 | -1,386 | -690 | 5,558 | -2,528 | |
| Nominal value, Insurance corporations | 30 | -1,270 | 30 | -9 | 990 | -106 | 54 | -1,372 | -201 | -82 | 300 | 1,325 | -938 | -5 | 416 | 50 | 134 | 1,110 | -44 | -400 | 100 | -51 | -1,473 | 2,210 | 107 | -165 | 130 | 1,519 | 575 | 20 | 32 | 908 | -9 | -21 | -1,443 | 2,798 | 5 | |
| Changes in issuers' holdings of their own securities (market values)8 | ||||||||||||||||||||||||||||||||||||||
| Market values +, - changes in issuers' holdings of their own debt securities | 8,884 | 44,057 | 13,912 | 48,332 | 3,970 | -6,137 | 9,219 | 50,502 | -26,388 | 44,563 | 19,734 | 14,172 | 11,577 | 39,795 | 36,026 | 35,945 | -18,605 | 24,145 | -6,453 | 29,479 | -25,973 | 13,419 | 44,141 | 6,564 | 7,546 | -1,185 | 14,811 | 22,035 | -25,395 | 15,188 | 11,577 | 25,509 | -27,517 | 18,861 | -19,390 | 16,310 | 10,967 | |
| Market values +, Bank debt securities issued by special purpose credit institutions | 8,056 | 1,097 | 8,590 | -954 | 7,058 | -14,154 | -271 | 4,816 | -12,415 | 5,293 | 2,269 | 3,300 | 14,457 | 5,504 | -2,042 | 15,217 | -13,559 | 11,574 | 1,276 | 3,137 | -3,662 | -6,987 | -3,194 | 11,159 | 1,505 | -19,447 | 9,877 | 2,797 | -14,589 | 8,737 | -932 | -2,744 | 8,642 | 6,765 | -1,344 | -5,071 | 7,753 | |
| Market values +, Public Pfandbriefe | -211 | 221 | -3,085 | 1,294 | 3,817 | -68 | 1,331 | 375 | -827 | 61 | 380 | -721 | 498 | -508 | 715 | 1,478 | 1,048 | -513 | 311 | 212 | -689 | -560 | -814 | 906 | -256 | 437 | 772 | 32 | -1,052 | -44 | 1,708 | 1,462 | -77 | 832 | 1,892 | -588 | 529 | |
| Market values +, Mortgage Pfandbriefe | -2,493 | 7,001 | -6,020 | 1,774 | 6,145 | -2,000 | -1,214 | 5,678 | -1,241 | -1,231 | 960 | -1,656 | -1,952 | 16 | 1,457 | -417 | 1,314 | -1,086 | 625 | 3,361 | -2,373 | -601 | 207 | -1,742 | 1,754 | -1,303 | -895 | -2,557 | 2,434 | 2,159 | 760 | 1,434 | -272 | 1,107 | -1,972 | -798 | 2,485 | |
| Market values +, Other bank debt securities | 3,436 | 8,315 | 3,565 | 4,295 | 1,492 | -555 | 714 | 6,509 | 2,054 | 2,755 | 4,760 | -2,034 | 3,831 | 1,400 | 5,973 | -3,526 | -5,358 | 3,066 | 5,069 | 7,307 | -7,850 | 613 | 5,090 | -780 | 647 | 2,481 | 267 | 1,565 | 2,543 | 3,062 | 4,927 | 8,284 | -3,926 | 735 | 3,101 | -633 | -490 | |
| Market values +, - changes in issuers' holdings of their own debt securities, Bank debt securities | 8,789 | 16,634 | 3,050 | 6,410 | 18,513 | -16,778 | 561 | 17,379 | -12,429 | 6,878 | 8,369 | -1,111 | 16,834 | 6,412 | 6,103 | 12,752 | -16,555 | 13,042 | 7,281 | 14,017 | -14,573 | -7,535 | 1,290 | 9,543 | 3,649 | -17,832 | 10,021 | 1,836 | -10,665 | 13,915 | 6,463 | 8,437 | 4,368 | 9,439 | 1,677 | -7,089 | 10,278 | |
| Market values +, - changes in issuers' holdings of their own debt securities, Public debt securities | 6,017 | 25,413 | 8,791 | 37,719 | -21,913 | 15,939 | 5,488 | 26,005 | -6,455 | 33,706 | 8,457 | 13,322 | 3,600 | 33,347 | 936 | 22,951 | -6,116 | 7,869 | -14,344 | 15,603 | -14,247 | 18,882 | 40,269 | -1,962 | 157 | 17,665 | 2,031 | 19,503 | -20,946 | -1,799 | 6,070 | 10,771 | -23,499 | 12,759 | -10,113 | 16,938 | 2,397 | |
| Market values +, - changes in issuers' holdings of their own debt securities, Corporate bonds | -5,922 | 2,010 | 2,071 | 4,204 | 7,370 | -5,298 | 3,170 | 7,118 | -7,504 | 3,979 | 2,908 | 1,961 | -8,857 | 36 | 28,987 | 242 | 4,066 | 3,235 | 610 | -141 | 2,847 | 2,072 | 2,583 | -1,018 | 3,739 | -1,018 | 2,760 | 696 | 6,215 | 3,072 | -957 | 6,301 | -8,386 | -3,337 | -10,955 | 6,461 | -1,708 |
Latest reading
The series on this page is monthly and runs from Jan 1948 to Aug 2026. Source: Deutsche Bundesbank.
About this data
Germany net bond issuance by issuer group and maturity, published by the Deutsche Bundesbank. The table tracks the nominal value of debt securities issued by residents, including public debt, corporate bonds and bank debt securities. It details specific instruments such as mortgage and public Pfandbriefe, broken down into maturities up to four years and over four years. Data is presented at a monthly frequency in EUR million, with historical records available since 1948.
Frequently asked questions
- What is the latest figure for Germany net bond issuance by issuer?
- Nominal value, Total stood at 8,794 EUR million in Aug 2026. That is −49,491 EUR million from Jul 2026 and +1,588 EUR million from a year earlier.
- How far back does the Germany net bond issuance by issuer data go?
- The series on this page is monthly and runs from Jan 1948 to Aug 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What does the Germany net bond issuance data measure?
- It measures the net sales of debt securities issued by German residents, calculated as gross issuance minus redemptions. The statistics cover the nominal value of these securities expressed in EUR million.
- Which issuer groups are included in the German bond issuance statistics?
- The dataset breaks down issuance by sector, including non-financial corporations, special purpose credit institutions and the public sector in Germany. It also tracks various bank debt securities such as mortgage and public Pfandbriefe.
- How is the Germany debt securities issuance categorised by maturity?
- The net issuance figures are separated into two main maturity bands. They detail agreed maturities up to and including four years, as well as longer-term German debt securities of more than four years.