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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
LBBW
Landesbank Baden-Wurttemberg (LBBW)€1,000
1EMEA
May 19, 2026
currency
EUR
size (m)
1,000.000
maturity
May 28, 2032
type
Fixed
tenor
6.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Covered Bond
moody's
Aaa
s&p
-
fitch
-
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-6
guidance
MS+26 area
spread
20
coupon
3.50%
spread set
-
price
99.43100
yield
3.231%
book size (m)
2,350
peak book (m)
2,500
x-covered
2.35
book attrition
-6.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
2,350
peak book (m)
2,500
x-covered
2.35
book attrition
-6.00%
nic
-
billing & delivering
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 2350; Registration: Reg S Only; Comments: 31.6bps over DBR 1.7 08/15/32 (@93.158), HR 99%. LEI: B81CK4ESI35472RHJ606;
Deal Comments
UPDATE: Spread Set at MS+20
Use of Proceeds
General corporate purposes
Relative Value

COMPS

Issuer

Pricing Date

Cpn

Amt

Maturity

y to mty

mid i-sprd

ESG

HVB

6/5/2026

3

1,250

6/8/2031

5.2

20.4


DZHYP

7/4/2026

3.125

1,000

29/08/2031

5.3

16


LBBW

16/4/2024

3

750

26/09/2031

5.4

17.5


CMZB

9/4/2026

3.125

1,000

14/01/2033

6.7

23


MUNHYP

2/2/2026

2.75

500

9/2/2033

6.8

17


HASPA

3/2/2026

2.875

500

10/2/2033

6.8

18.5

Green

LBBW

23/2/2026

2.75

500

6/3/2034

7.8

21