BayernLB preps covered bond return

GermanyFlagMoney_Adobe_575x375
By Frank Jackman
23 Apr 2021

Bayerische Landesbank (BayernLB) is readying to issue its first covered bond in over two years, having appointed banks on Friday to sell a 10 year deal.

The German lender has mandated its own investment bank, BNP Paribas, ING, Natixis and Santander to arrange the forthcoming €500m no-grow 10 year covered deal.

The bond is expected to hold a Aaa rating from Moody’s and is expected to be launched in the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial