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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
DBR
Federal Republic of Germany€3,500
1EMEA
May 6, 2026
currency
EUR
size (m)
3,500.000
maturity
Aug 15, 2056
type
Fixed
tenor
30.250
call
-
registration
Reg S Only
benchmark
DBR
ranking
Sr. Unsecured
moody's
Aaa
s&p
AAA
fitch
AAA
size description
Will Not Grow
re-open/tap
Yes
ipt
-
ipt-pxd
-1
guidance
DBR+1.75 area
spread
0.75
coupon
2.90%
spread set
-
price
88.30100
yield
3.53464%
book size (m)
36,000
peak book (m)
-
x-covered
10.29
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
36,000
peak book (m)
-
x-covered
10.29
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 36000; First Pay: 2026-08-15; Registration: Reg S Only; Comments: DBR 2.5% 08/15/54 (DE000BU2D004) @ 88.80% / 3.52714%, HR 109%. Total Outstanding: EUR27.5bn. Deal Stats: By Geography: UK/Ireland 31%, Rest of Europe 16%, Nordics 11%, Iberia 11%, DACH 9%, Middle East 6%, Italy 5%, BeNeLux & France 5%, Other 3%, USA/Canada 3%. By Type: Fund Managers 36%, Govt/Agency 21%, Bank/Fin. Service 21%, Other 10%, Hedge Fund 10%, Insurance/PF 2%.;
Deal Comments
UPDATE: Spread Set at DBR+0.75