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Commentary & Deal Flow

NEW ISSUE: Investitionsbank des Landes Brandenburg €250m (no-grow) 3yr Sr Unsec; MS+5a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

Guidance

Investitionsbank des Landes Brandenburg

3yr

22-Jun-29

€250m (no-grow)

Sr Unsec

Fixed

DE000A460NF8

MS+5a


Guidance: 3yr: MS+5a

  • Issuer: Investitionsbank des Landes Brandenburg
  • Ticker: ILBB
  • LEI: 5299009T1JIGA56W7T95
  • Guarantor: Federal State of Brandenburg (rated Aaa by Moody's)
  • Format: Reg S Bearer (0% rw, senior unsecured, LCR Level 1)
  • Selling restrictions: Selling restrictions apply to the US and Japan
  • Issuer Rating: AAA (Fitch)
  • Exp. Issue Rating: AAA (Fitch)
  • Size: €250m (no-grow)
  • Coupon: Fixed rate, annual, act/act ICMA, short first
  • Settlement: 24-Jun-26 (T+5)
  • Maturity: 22-Jun-29 (3Y)
  • Guidance: MS+5 bps area
  • Law/List/Denoms: German / Frankfurt / 100k+100k
  • ISIN: DE000A460NF8
  • Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MIFID II)
  • Joint Leads: DZ BANK, Helaba, LBBW (B&D), Nordea and NORD/LB
  • Target market: The target market for the bonds is professional and eligible counterparties, each as defined in MiFID II (Distribution channel: Non-advised services, execution-only).
  • Timing: Books open, today's business