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Commentary & Deal Flow

LAUNCHED: Investitionsbank Berlin €500m 8yr Sr Unsec; MS+22bp

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Spread Set

Investitionsbank Berlin

8yr

09-Jun-34

€500m

Sr Unsec

Fixed

MS+22


Launched: 8yr: €500m @ MS+22bp


  • Issuer: Investitionsbank Berlin (IBB)
  • Guarantor: German Federal State of Berlin
  • BBG Ticker: IBB
  • Format: Bearer (0% RW, senior unsecured, LCR Level 1)
  • Rating: Aa1/AAA (Moody's/Fitch)
  • Size: €500m
  • Coupon: Fixed Rate, Annual, Act/Act ICMA, short first
  • Maturity: 09-Jun-34
  • Settlement: 10-Jun-26 (T+5)
  • Pricing: MS +22bp
  • ISIN/Series: DE000A4DFVR3 / 248
  • Law/List/Denoms: German / Munich Regulated market / €100,000+€100,000
  • Lead Managers: BayernLB, Crédit Agricole CIB, Norddeutsche Landesbank
  • Fee: The three Lead Managers will receive a discount on the reoffer price
  • Target market: The target market for the bonds is professional clients and eligible counterparties, each as defined in MiFID II (only non-advised services)
  • Timing: Сollect interest until Wednesday 03-Jun-26, 10 am Frankfurt time. Pricing will be shortly thereafter on the same day.