MANDATE: State of Rhineland-Palatinate Reg S €250mn (WNG) 10/2035 Sr Unsec Tap Offering May Follow
IGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA
The German Federal State of Rhineland-Palatinate (Land Rheinland-Pfalz “RHIPAL”), rated AAA by Fitch, has mandated DekaBank, LBBW and NORD/LB to lead manage an upcoming tap offering.
Offering: Tap of the outstanding 10/2035 Landesschatzanweisung (ISIN: DE000RLP1635)
Size: €250mn (WNG)
Timing: Launch is expected in the near future, subject to market conditions.
Issuer Retention: A certain amount of the issue will be retained by the issuer.
Target Market (MiFID II): Retail, eligible counterparties and professionals (all distribution channels).