Norddeutsche Landesbank

12 Aug 2010

Rating: Aa3/AA-/A+

Amount: Eu100m lower tier two capital, increase takes issue size to Eu500m

Maturity: 29 June 2020

Issue/re-offer price: 104.402

Coupon: 6%

Spread at re-offer: 270bp over mid-swaps

Launched: Wednesday 11 August

Payment date: 19 August

Sole mgr: Norddeutsche Landesbank

Bookrunner’s comment:

With hindsight, the total transaction turned out more domestic than we had ...

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