Commentary & Deal Flow

Landesbank Hessen-Thüringen Girozentrale (“Helaba”), (ticker: "HESLAN") rated Aa2/A+ by Moody's/Fitch, has mandated Deutsche Bank as Sole Structuring Advisor and Global Coordinator, Deutsche Bank, Natixis and UBS Investment Bank as Joint Bookrunners and Helaba as Joint Lead Manager (no books) to arrange a series of fixed income investor calls on 05-May-26.

A Reg S €250m (WNG) Perpetual Reset December 2031 Additional Tier 1 transaction may follow, subject to market conditions.

The notes will be issued under Helaba’s Programme for the issuance of Additional Tier 1 Notes dated 29-Apr-26. The securities will feature principal loss absorption in the form of temporary write-down, based on a 5.125% CET1 Ratio trigger and are expected to be rated Baa3 (hyb) by Moody’s. Listing will be on the Frankfurt Stock Exchange (Regulated Market). Denominations are €200k + €200k. Relevant stabilisation regulations including FCA/ICMA apply.