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Asset Backed Securities
Sovereign, Supranational, and Agency
Regional Government
Parent Companies
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia) (NRW)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
SSA
PRCD
NRW
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
CHF465
3
EMEA
Jan 28, 2026
Tranche #1
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
BBG01ZWS9BJ0
currency
CHF
size (m)
100.000
maturity
Feb 18, 2031
type
Fixed
tenor
5.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
AA
fitch
AAA
size description
-
re-open/tap
No
ipt
SARON MS+14-15
ipt-pxd
-0.5
guidance
SARON MS+14-15
spread
14
coupon
0.3675%
spread set
-
price
100.00000
yield
0.3675%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
Tranche #2
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
BBG01ZWS9BN5
currency
CHF
size (m)
175.000
maturity
Feb 18, 2036
type
Fixed
tenor
10.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
AA
fitch
AAA
size description
-
re-open/tap
No
ipt
SARON MS+20-21
ipt-pxd
-0.5
guidance
SARON MS+20-21
spread
20
coupon
0.77%
spread set
-
price
100.00000
yield
0.77%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
Tranche #3
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
BBG01ZWS9BQ2
currency
CHF
size (m)
190.000
maturity
Feb 18, 2044
type
Fixed
tenor
18.000
call
-
registration
-
benchmark
Swaps
ranking
Sr. Unsecured
moody's
-
s&p
AA
fitch
AAA
size description
-
re-open/tap
No
ipt
SARON MS+23-24
ipt-pxd
+0.5
guidance
SARON MS+23-24
spread
24
coupon
1.065%
spread set
-
price
100.00000
yield
1.065%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
-
joint leads
DEU
,
RBI
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2027-02-18; Comments: CHF100m, 5yr fxd cpn 0.3675% at 100, yld 0.3675% Spread: MS+14.0; First Pay: 2027-02-18; Comments: CHF175m, 10yr fxd cpn 0.77% at 100, yld 0.77% Spread: MS+20.0; First Pay: 2027-02-18; Comments: CHF190m, 18yr fxd cpn 1.065% at 100, yld 1.065% Spread: MS+24.0;
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