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Commentary & Deal Flow

NEW ISSUE: Free Hanseatic City of Bremen €500mn (no-grow) 10yr Sr Unsec; MS+24a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

ISIN

Free Hanseatic City of Bremen

10yr

17-Jun-36

€500mn (no-grow)

Sr Unsec

Fixed

MS+24a

DE000A5ENMT7


Guidance: 10yr: MS+24a

  • Issuer: Free Hanseatic City of Bremen
  • Ticker: BREMEN Govt
  • Format: Landesschatzanweisung (0% rw, senior unsecured)
  • Issuer Rating: AAA (Fitch)
  • Size: €500mn (no-grow)
  • Settlement: 17-Jun-26 (T+5)
  • Maturity: 17-Jun-36
  • Coupon: Fixed, annual, ACT/ACT ICMA, annually on June 17
  • Guidance: MS+24 bps area
  • Law/List/Denoms: German Law/ Hamburg/ €1k+1k
  • Target market: Eligible counterparties, professional clients and retail clients each as defined in MiFID II (all channels for distribution of the bonds are appropriate)
  • Fees: The banks will be paid a fee in relation to this transaction
  • ISIN/WKN/Series: DE000A5ENMT7 / A5ENMT / 282
  • Joint Leads: DekaBank, DZ BANK (B&D), Erste Group, Helaba, Rabobank
  • Timing: Books open, today's business