Commentary & Deal Flow

The German State of Saxony-Anhalt, rated Aa1/AAA/AAA (Moody's/Fitch/Scope), has mandated DekaBank as the sole lead manager for its inaugural 2-year blockchain-based digital bond issuance. An electronic investor presentation is available and 1-on-1 meetings can be arranged on request.

A EUR-denominated, Reg S only, blockchain-based digital bond (crypto security under German eWpG) issued using SWIAT blockchain technology will follow, subject to market conditions. The offering will be under German law with stand-alone documentation.

The manufacturer target markets (MIFID II product governance) as assessed by the lead manager are eligible counterparties and professional clients only (all distribution channels).

Link to Investor presentation (EN):
https://mf.sachsen-anhalt.de/fileadmin/Bibliothek/Politik_und_Verwaltung/MF/Dokumente/Finanzen/Kreditmanagement/Capitalmarket_Presentation__English_2026_.pdf