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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
BADWUR
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg)€1,000
1EMEA
Jan 20, 2026
currency
EUR
size (m)
1,000.000
maturity
Jan 27, 2033
type
Fixed
tenor
7.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Unsecured
moody's
Aaa
s&p
AA+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
0
guidance
MS+16 area
spread
16
coupon
2.75%
spread set
-
price
99.23000
yield
2.873%
book size (m)
1,300
peak book (m)
-
x-covered
1.3
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,300
peak book (m)
-
x-covered
1.3
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1300; First Pay: 2027-01-27; Registration: Reg S Only; Comments: EUR1bn 7yr cpn fxd 2.75% at 99.230, yld 2.873%. Spread: MS+16bps. +24.9 bps vs. DBR 2.5% 11/15/32 @ 99.22 / HR: 101%;

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