FMS Wertmanagement

Guarantor: SoFFin provides a loss compensation obligationRating: Aaa/AAA/AAAAmount: €2.5bnMaturity: 15 January 2020Issue/re-offer price: 99.31Coupon: 1.375%Spread at re-offer: mid-swaps plus 10bp; 56.3bp over the January 2020 BundLaunch date: Tuesday 4 SeptemberPayment date: 11 SeptemberJoint books: Bayern LB, Deutsche Bank, HSBC, UBS

Bookrunners’ comment:

We attracted €2.6bn of orders of such quality ...