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Commentary & Deal Flow

NEW ISSUE: Free State of Thuringia € bmk 10yr Sr Unsec; MS+24a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

Free State of Thuringia

10yr

13-May-36

bmk

Sr Unsec

Fixed

MS+24a


Guidance: 10yr: MS+24a

  • Issuer: Free State of Thuringia
  • BBG Ticker: THRGN
  • Format: Landesschatzanweisung (0% rw, senior unsecured), Reg S Bearer
  • Issuer Rating: AAA (Fitch)
  • Size: € Benchmark
  • Coupon: Fixed, Annual, ACT/ACT ICMA
  • Maturity: 13-May-36 (10yr)
  • Settlement: 13-May-26 (T+5)
  • Guidance: MS +24bps area
  • Governing Law: German
  • Listing: Frankfurt
  • Denominations: €1,000
  • ISIN/WKN: DE000A46ZWZ6 / A46ZWZ
  • Bookrunners: BayernLB, DekaBank (B&D), Deutsche Bank, J.P. Morgan, NORD/LB
  • Fees: The banks will be paid a fee in relation to this transaction
  • Timing: Books open, today's business
  • Target Market (MiFID II): Eligible Counterparties, Professional and Retail Clients (all distribution channels)