Reoffer: 7yr: MS+23bp / 99.775 / 2.911%
Benchmark: 7yr: DBR 2.3 15-Feb-33 @ 97.977 / B+29.2
Final Books: Above €770mn (incl. €135m JLM). Peak book above €820mn (incl. €125m JLM)
Launched: 7yr: €250m @ MS+23bp - Books above €820mn (incl. €125m JLM)
Book Update: Books above €750mn (incl. €125m JLM)
Guidance: 7yr: MS+30a
Issuer: Sparkasse KölnBonn (Ticker: SPKKB)
Status of Notes: Mortgage Covered Bond (Hypothekenpfandbrief), RegS Bearer
Label: European Covered Bond (Premium)
Exp. Rating: Aaa (Moody's)
Issue Size: €250m LCR level 2A eligible/ECB repo compliant
Coupon: 2.875% p.a., fixed, annual, act/act ICMA, unadjusted following
Issue Date: 04-Feb-26
Settlement: 11-Feb-26 (T+5)
Maturity: 11-Feb-33
Reoffer: MS+23bp / 2.911 / 99.775
Benchmark: DBR 2.3 15-Feb-33 @ 97.977 / B+29.2
Leads: Commerzbank (B&D), DekaBank, DZ BANK and Helaba
Denominations: €100,000 + €100,000
Listing: Duesseldorf, unregulated market (Freiverkehr)
Governing Law: German Law
ISIN/WKN: DE000SKB09D9 / SKB09D
Documentation: Debt Issuance Programme dated 27-Jun-25
MiFID II: The manufacturer target market (MiFID II product governance) is professional clients and eligible counterparties only (all distribution channels). No EU PRIIPs key information document (KID) has been prepared as the notes will not be made available to retail in the EEA.
Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MIFID II)
Timing: Priced, TOE: 13:54 CET, FTT: 14:15 CET