Commentary & Deal Flow

City of Dortmund (ticker: DRTMND, country: DE), Unrated, has mandated DekaBank and UniCredit to lead manage its forthcoming min. €150m 9-year Stadtanleihe.

The issue (0% risk weighted, LCR Level 1) will have a fixed rate coupon. The transaction will be launched in the near future, subject to market conditions.

Manufacturer target market (MiFID II product governance) for the bonds is eligible counterparties, professional clients and retail clients, each as defined in MiFID II (all channels for distribution of the bonds are appropriate).