L-Bank USD1.25bn 0.5% Dec 25

  • By Burhan Khadbai
  • 03 Dec 2020

Guarantor:Federal State of Baden‑Württemberg

Rating:Aaa/AA+

Amount:$1.25bn Reg S only

Maturity:8 December, 2025

Issue/reoffer price:99.736

Coupon:0.5%

Spread at reoffer:mid-swaps plus 9bp; 13.45bp over the November 2025 US Treasury

Launched:Tuesday, December 1

Payment date:December 8

Joint books:Barclays, BMO Capital Markets, Commerzbank, ...

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European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 4.88 3 16.63%
2 HSBC 3.99 3 13.59%
3 JPMorgan 3.00 3 10.22%
4 Citi 2.89 2 9.85%
5 Barclays 2.33 2 7.92%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 5.47 7 14.68%
2 Deutsche Bank 4.69 6 12.60%
3 BMO Capital Markets 3.83 3 10.29%
4 TD Securities Inc 3.52 3 9.46%
5 BofA Securities 2.48 4 6.65%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8.49 13 11.09%
2 SG Corporate & Investment Banking 7.46 7 9.75%
3 HSBC 7.39 7 9.66%
4 UniCredit 6.99 10 9.13%
5 Citi 6.15 6 8.03%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 12.16 13 9.31%
2 Deutsche Bank 10.51 17 8.06%
3 JPMorgan 10.30 22 7.89%
4 HSBC 9.69 14 7.43%
5 SG Corporate & Investment Banking 7.82 8 5.99%