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Commentary & Deal Flow

PRICED: Land Berlin €250m Tap 3yr Sr Unsec; MS+0

IGC European Market: Deal Flow - SSA

Issuer

Term

Coupon

Maturity

Size

Ranking

Type

Price

Spread

Land Berlin

3yr

3.00%

15-May-29

€250m

Sr Unsec

Fixed

100.253

MS+0


Reoffer: 3yr: MS+0 / 100.253


  • Issuer: Federal State of Berlin (Land Berlin)
  • LEI: 529900Y6Q7R44JF7XX56
  • Ticker: BERGER
  • Ratings: Aa1/AAA/AAA (Moody's/Fitch/Scope)
  • Format: Landesschatzanweisung (0% rw, senior unsecured)
  • Deal Size: €250m (New o/s: €1.75bn)
  • Settle Date: 15-Jun-26 (T+5)
  • Maturity Date: 15-May-29
  • Reoffer: 100.253 / MS flat
  • ISIN: DE000A351PN8
  • Coupon: 3.00%, Fixed, Annual, ACT/ACT ICMA
  • Law/List/Denoms: German/Berlin/1k+1k
  • Target Market: Professional, retail and eligible counterparties each as defined in MiFID II (all channels for distribution of the bonds are appropriate).
  • Lead Manager: DekaBank (sole)