Commentary & Deal Flow

Investitions- und Strukturbank Rheinland-Pfalz (ISB), the explicitly guaranteed development bank of the state of Rhineland-Palatinate, rated AAA by Fitch, has mandated BayernLB, Commerzbank, Deutsche Bank, DZ BANK and LBBW as joint lead managers for its upcoming €500m (WNG) transaction with a 10-year maturity in Reg S bearer format.

The transaction will be launched in the near future, subject to market conditions. The Joint Bookrunners will be paid a fee in connection to the transaction.

The target market for the bonds is professional and eligible counterparties, each as defined in MiFID II (all channels for distribution of the bonds are appropriate).