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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
BAYERN
Freistaat Bayern (aka State of Bavaria)€500
1EMEA
Oct 14, 2025
currency
EUR
size (m)
500.000
maturity
Jan 21, 2031
type
Fixed
tenor
5.250
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
AAA
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
MS+13 area
spread
13
coupon
2.375%
spread set
-
price
99.65500
yield
2.446%
book size (m)
440
peak book (m)
-
x-covered
0.88
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
440
peak book (m)
-
x-covered
0.88
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 440; First Pay: 2026-02-21; Comments: EUR500m 5.25yr cpn fxd 2.375% at 99.655, yld 2.446%. Spread: MS+13bps. DBR 0% 02/2031 +26.5bps (Price: 89.13%) / HR: 106%;

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