New Confederation bonds
Bern, 13.01.2026 — The Swiss Confederation is offering two bonds on a public tender system on 14.01.2026: 2.25%, maturity 22.06.2031 (reopening) and 4.00%, maturity 06.01.2049 (reopening).
Interest rate: 2.25%
Maturity: 22.06.2031
Amount: will be fixed after all bids are submitted.
Auction: 14.01.2026/11.00am
Settlement/accrued interest: 28.01.2026/216 days
ISIN no.: prov.: CH0557779359
Fungible with ISIN no.: CH0127181029
Own holdings of the Confederation: CHF 0 million
Interest rate: 4.00%
Maturity: 06.01.2049
Amount: will be fixed after all bids are submitted.
Auction: 14.01.2026/11.00am
Settlement/accrued interest: 28.01.2026/22 days
ISIN no.: prov.: CH0557779367
Fungible with ISIN no.: CH0009755197
Own holdings of the Confederation: CHF 0 million
Reuters: SWIW, Bloomberg: SWIT
Offers can be submitted without a price indication; in this case, they will be accepted at the issuing price. After settlement, the reopening tranches will be fungible with the corresponding outstanding bonds.
Shorter auction window for Confederation bonds
We would like to remind you that the Federal Finance Administration has decided to shorten the auction window for Confederation bonds to 30 minutes from 2026. The new auction time is from 10.30 am to 11.00 am. The first auction to be affected by this takes place on 14 January 2026.
All information on Confederation bonds (including the issuance calendar) can be found at Issuance calendar for Confederation bonds and money market debt register claims in 2026.