Meaning of DBR and Coupon Notation in German Bonds

Summary

The document explains the labels in a German government bond description. DBR refers to the Federal Republic of Germany, while “4” identifies a 4% coupon. The January 4, 2037 date is the bond’s maturity, as the questioner already understood.

The answer provides a concise interpretation of the security name, rather than a pricing method or investment strategy. It offers no supporting references beyond pointing to an external answer, and does not discuss how coupon conventions, payment schedules, or bond yields work. The explanation is useful for decoding this basic fixed-income shorthand, but it is limited to the specific notation asked about.

Key ideas

• DBR identifies the Federal Republic of Germany in the bond label.
• The number 4 denotes a 4% coupon rate.
• The maturity date is distinct from the issuer and coupon information.

Tags

# A basic question about market jargon


# A basic question about market jargon












What does it mean by DBR 4s of Jan4, 2037? I know the Jan4, 2037 is the maturity. How about DBR and 4s?

## Answer by jensa (score 4, accepted)

https://quant.stackexchange.com/a/9544

DBR = Deutschland Bundesrepublik

DBR 4 = German Government Bond with a coupon of 4%.

Shown in full with attribution under the source's licence. Licence: CC BY-SA 4.0 (Stack Exchange)

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.