NEW ISSUE: Landesbank Saar €250m (no-grow) 10yr CB; MS+37a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
ISIN
Landesbank Saar
10yr
27-May-36
€250m (no-grow)
CB
Fixed
MS+37a
DE000SLB4386
Guidance: 10yr: MS+37a
Issuer: Landesbank Saar (Ticker: SAARLB)
LEI: 52990050SU0S4QQ4Z793
Expected Issue Rating: AAA (Fitch)
Status: Public Sector Covered Bond (Oeffentlicher Pfandbrief)
Format: Reg S, Bearer
Issue Size: €250m (no-grow)
Settlement: 27-May-26 (T+5)
Maturity: 27-May-36 (10 years)
Coupon: Fixed, annual, act/act ICMA, unadjusted
Guidance: MS+37bp area
Denominations: €100,000 + €100,000
Listing/Law: Frankfurt (Regulierter Markt) / German Law
ISIN/WKN: DE000SLB4386 / SLB438
Joint Bookrunners: DekaBank, DZ BANK, Erste Group (B&D), NORD/LB
MIFID II: Manufacturer target market (MIFID II product governance) are eligible counterparties and professional clients only (all appropriate distribution channels).
Fees: The joint bookrunners will be paid a fee in respect of the placement of the securities.