Germany got bids for more than the maximum 5 billion-euro ($6.3billion) target at a note sale, with the yield falling to a record,as investors sought a refuge from the European debt crisis.

Germany, the only country in the euro area with a stable outlookon its AAA rating, sold 4.56 billion euros of two-year securitiescarrying a zero-percent coupon for the first time, Bundesbank datashowed today. The securities were auctioned to yield 0.07 percent.The country offered a fixed-interest payment of 0.25 percent whenselling similar-maturity notes on April 18.

Germany's borrowing costs have plunged to the lowest on recordas investors sought the nation's debt as a haven from Europe'sfinancial turmoil and concern mounted that Greece will exit theeuro area after inconclusive elections on May 6.