Land Brandenburg

10 May 2007

Rating: Aa1/AA-/AAA

Amount: Eu500m

Maturity: 14 May 2014

Issue/re-offer price: 99.49

Coupon: 4.25%

Spread at re-offer: 6bp through mid-swaps; 15.2bp over the 4.25% January 2014 Bund

Launch date: Tuesday 8 May

Payment date: 14 May

Joint books: Deutsche Bank, Dresdner Kleinwort

Bookrunner’s comment:

The transaction was driven by reverse enquiries for that maturity, mainly by domestic German investors. ...

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