Bund-Länder-Anleihe

By Dariush Hessami
28 Jun 2013

Rating: -/-/AAA Amount: €3bn Maturity: 15 July 2020 Issue/re-offer price: 98.93 Coupon: 1.5% Spread at re-offer: mid-swaps plus 1bp; 51.3bp over the July 2020 Bund Launch date: Wednesday 26 June Payment date: 3 July Joint books: Barclays, Commerzbank, Deutsche Bank, DZ Bank, HSBC

Bookrunners’ comment:

This was a fantastic achievement in an extremely tough environment. It was impressive to have €3.3bn-€3.5bn of orders on such a credit. The most eye-catching part of the deal is that it reached €3bn in a very difficult market. 

We have four deals out on Thursday ...

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