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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)
$1,500
1
EMEA
Jun 3, 2026
Tranche #1
Land Nordrhein-Westfalen (aka State of North Rhine-Westphalia)
BBG022R95WZ0
currency
USD
size (m)
1,500.000
maturity
Jun 11, 2031
type
Fixed
tenor
5.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aa1
s&p
AA
fitch
AAA
size description
-
re-open/tap
No
ipt
SOFR MS+37 area
ipt-pxd
-3
guidance
SOFR MS+35 area
spread
34
coupon
4.25%
spread set
-
price
99.67000
yield
4.325%
book size (m)
5,300
peak book (m)
5,300
x-covered
3.53
book attrition
0.00%
nic
-
billing & delivering
CTI
active leads
-
joint leads
BMO
,
CIB
,
CTI
,
DWA
,
...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
5,300
peak book (m)
5,300
x-covered
3.53
book attrition
0.00%
nic
-
billing & delivering
CTI
active leads
-
joint leads
BMO
,
CIB
,
CTI
,
DWA
,
...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 5300; Registration: Reg S Only; Comments: +8.4bps vs CT5 @ 99-22 HR 101%;
Deal Comments
UPDATE: Spread Set at MS+34
Hide Details
Commentary
All Commentary
CreditFlow: End of Day (Europe IG)
Jun 3, 2026
1 to 1 of 1
Deal Flow
All Deal Flow
PRICED: State of North Rhine-Westphalia US$1.5bn 5yr Sr Unsec; SOFR MS+34
Jun 3, 2026
ALLOCATIONS OUT: State of North Rhine-Westphalia US$1.5bn 5yr Sr Unsec; SOFR MS+34
Jun 3, 2026
UPDATE (BOOKS): State of North Rhine-Westphalia US$1.5bn 5yr Sr Unsec; SOFR MS+34bp
Jun 3, 2026
LAUNCHED: State of North Rhine-Westphalia US$1.5bn 5yr Sr Unsec; SOFR MS+34bp
Jun 3, 2026
NEW ISSUE: State of North Rhine-Westphalia US$ bmk 5yr Sr Unsec; SOFR MS+37a
Jun 2, 2026
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