State of Berlin

10 Oct 2008

Rating: Aa1
Amount: Sfr150m
Maturity: 30 October 2012
Issue price: 100.98
Coupon: 2.75%
Spread at re-offer: 17.5bp through mid-swaps
Launched: Tuesday 7 October
Payment date: 30 October
Joint books: Basler Kantonalbank and Commerzbank

Borrower’s comment:
The Swiss market is very good at the moment, especially for highly rated issuers. We last came at the beginning of this year. ...

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