Commentary & Deal Flow

The Free and Hanseatic City of Hamburg, rated AAA (stable) by Fitch, has mandated Barclays, DZ BANK, LBBW, Raiffeisen Bank International and TD Securities to lead manage its upcoming 10-year €500m (no-grow) fixed rate Landesschatzanweisung.

Launch and pricing is expected in the near future, subject to market conditions.

• Target Market (MiFID II / UK MiFIR): The manufacturer target market as assessed by the lead managers is retail, eligible counterparties and professionals (all distribution channels).