Commentary & Deal Flow

The German State of Hesse, rated AA+/AAA (S&P/Scope), has mandated Barclays, Commerzbank, Credit Agricole CIB, Danske Bank, DZ BANK and LBBW to lead manage its upcoming €1bn (no-grow) fixed rate Landesschatzanweisung with a maturity of 7 years (06-Jul-33).

The transaction will be launched in the near future subject to market conditions.

• Target Market (MiFID II / UK MiFIR): Retail, eligible counterparties and professionals (all distribution channels).