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by Anna Tkachenko

Jun 10, 2026 5:43 AM ET

ALLOCATIONS OUT: Free Hanseatic City of Bremen €500mn 10yr Sr Unsec; MS+24bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	Guidance	Spread Set
Free Hanseatic City of Bremen	10yr	17-Jun-36	€500mn	Sr Unsec	Fixed	MS+24a	MS+24

Final Books: above €590mn (incl. €175mn JLM)

Launched: 10yr: €500mn @ MS+24bp - Books above €580mn (incl. €175mn JLM)
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
Benchmark: DBR 2.9 15-Feb-36 / HR 101.7%
Hedge Deadline: 11.55 CET
Coupon: Fixed, annual, ACT/ACT ICMA, annually on June 17
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. Books subject at 11:00 CET. Allocation and pricing to follow.