Book size: 2000; Registration: Reg S Only; Comments: +27.1 bps vs DBR 3% 08/15/36 @ 96.245 / 3.453% / (HR 101%). Listing: Stuttgart;
Use of Proceeds
An amount equal to the nominal amount of the issuance will be fully allocated by the Issuer to refinance eligible expenditures for environmentally sustainable activities as defined under Article 3 of Regulation (EU) 2020/852 (the “EU Taxonomy Regulation”), as further specified in the Issuer's European Green Bond Factsheet dated 10 September 2026. EuGBs issued by the State of Baden-Wuerttemberg under this Factsheet are also aligned with the voluntary guidelines of the ICMA Green Bond Principles 2025