Commentary & Deal Flow

Wirtschafts- und Infrastrukturbank Hessen (WIBANK), rated AA+ (S&P), has mandated BayernLB, Commerzbank, Helaba, NORD/LB and Raiffeisen Bank International to lead manage its upcoming fixed rate 5-year €500m WNG transaction maturing in July 2031. The issue will be explicitly, irrevocably and unconditionally guaranteed by the Federal State of Hessen.

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

• Target Market: Professional and eligible counterparties only, each as defined in MiFID II (all channels for distribution of the Bonds are appropriate).
• Website: https://www.wibank.de/wibank/
• IR Page: https://www.wibank.de/wibank/investorrelation
• IR Page (English): https://www.wibank.de/wibank/investorrelation/investorrelation-english
• IR Presentation (German): https://www.wibank.de/resource/blob/wibank/314844/43e665a34f2b5564309c3b2997ed7cfd/investorenpraesentation-deutsch-data.pdf
• IR Presentation (English): https://www.wibank.de/resource/blob/wibank/314840/ac9c9586428bf7f9b6dd96397e3e45f4/investor-presentation-english-data.pdf
• S&P Rating Report (October 2025): https://www.wibank.de/resource/blob/wibank/314852/c07476a3a934c4d9ecda70f0641a3784/ratingbericht-standard-and-poor-s-data.pdf