Free Hanseatic City of Bremen (BREMEN)

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Free Hanseatic City of Bremen (BREMEN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	SSA	PRCD	BREMEN	Free Hanseatic City of Bremen	€250		1	EMEA	Dec 9, 2024

Tranche #1Free Hanseatic City of Bremen

currency

EUR

size (m)

250.000

maturity

Nov 20, 2029

type

Fixed

tenor

5.000

call

registration

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

AAA

size description

re-open/tap

Yes

ipt

ipt-pxd

guidance

MS+30 a

spread

coupon

2.50%

spread set

price

100.72100

yield

2.343%

book size (m)

495

peak book (m)

x-covered

1.98

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

495

peak book (m)

x-covered

1.98

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 495; Comments: EUR250m WNG tap of 500m 2.5% Nov 2029 LSA. NR/NR/AAA. DB/JPM/LBBW(B&D)/NordLB/NatWest. Guidance MS+30 area, launch MS+30. Final books 495m+ incl 50m JLM. B+39.3bps vs DBR 2.1% Nov 2029 (Ref: 100.698/1.950%; HR 99%). FTT immediately. New Total: 750m. LEI: 5299000FMNZDQIMTS006;

Deal Comments

EUR250m tap of EUR500m 2.5% due 11/20/2029

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Free Hanseatic City of Bremen (BREMEN)

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