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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
LBBW
Landesbank Baden-Wurttemberg (LBBW)€750
1EMEA
Oct 12, 2026
currency
EUR
size (m)
750.000
maturity
Oct 23, 2028
type
Fixed
tenor
2.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-5
guidance
MS+12 area
spread
7
coupon
3.375%
spread set
-
price
99.80000
yield
3.48%
book size (m)
1,600
peak book (m)
1,600
x-covered
2.13
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,600
peak book (m)
1,600
x-covered
2.13
book attrition
0.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1600; Registration: Reg S Only; Comments: 37.1bps over BKO 2.7 09/13/28 (@99.235%), HR 104%. LEI: B81CK4ESI35472RHJ606. Listing: Stuttgart Stock Exchange;
Use of Proceeds
General Corporate Purposes
Relative Value

COMPS

Issue Date

Bond

Yrs to Mty

Size (EUR mn)

I-Sprd (Mid)

07/09/2026

MUNHYP 2.875% 07/29

2.7yr

625

2

08/24/26

BYLAN 3.125% 09/26

2.7yr

500

3

08/29/23

KFW 3.125% 10/28

2.0yr

7,000

-13

07/14/26

BKO 2.7 09/28

1.9yr

22,000

-29.5