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Commentary & Deal Flow

UPDATE (BOOKS): 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


Orderbooks above €710m (incl. €150m JLM)
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.
  • Timing: Books open, today's business