Commentary & Deal Flow

Kreissparkasse Köln, (ticker: "KRSKOE") expected to be rated Aaa by Moody's, has mandated Commerzbank, Erste Group and LBBW as Joint Lead Managers for its upcoming EUR 250mn (no grow) Mortgage Covered Bond (Hypothekenpfandbrief) with a 7-year tenor.

The issuer is available for 1-on-1 calls upon request.

An expected €250mn (no grow), 7-year EUR Mortgage Covered Bond (Hypothekenpfandbrief) offering, labelled European Covered Bond (Premium), will follow in the near future, subject to market conditions.