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Asset Backed Securities
Sovereign, Supranational, and Agency
Regional Government
Parent Companies
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg)
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg)
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg) (BADWUR)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
SSA
PRCD
BADWUR
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg)
€1,000
1
EMEA
May 5, 2026
Tranche #1
Land Baden-Wuerttemberg (aka State of Baden-Wuerttemberg)
BBG022383Y68
currency
EUR
size (m)
1,000.000
maturity
May 12, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aaa
s&p
AA+
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
-
ipt-pxd
0
guidance
MS+11 area
spread
11
coupon
3.00%
spread set
-
price
99.79000
yield
3.046%
book size (m)
1,500
peak book (m)
1,500
x-covered
1.5
book attrition
0.00%
nic
-
billing & delivering
DZB
active leads
-
joint leads
CAG
,
DZB
,
JPM
,
LBW
,
...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,500
peak book (m)
1,500
x-covered
1.5
book attrition
0.00%
nic
-
billing & delivering
DZB
active leads
-
joint leads
CAG
,
DZB
,
JPM
,
LBW
,
...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1500; Registration: Reg S Only; Comments: +24.3 bps vs. OBL 2.5% 04/16/2031 @ 98.602 / HR: 101%. Listing: Stuttgart;
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PRICED: Federal State of Baden-Wuerttemberg €1bn 5yr Sr Unsec; MS+11bp
May 5, 2026
ALLOCATIONS OUT: Federal State of Baden-Wuerttemberg €1bn 5yr Sr Unsec; MS+11bp
May 5, 2026
LAUNCHED: Federal State of Baden-Wuerttemberg €1bn 5yr Sr Unsec; MS+11bp
May 5, 2026
NEW ISSUE: Federal State of Baden-Wuerttemberg €1bn (no-grow) 5yr Sr Unsec; MS+11a
May 5, 2026
MANDATE: The State of Baden-Wuerttemberg €1bn (no-grow) 5yr Sr Unsec Offering May Follow
May 4, 2026
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