Commentary & Deal Flow

Investitionsbank Berlin (ticker: "IBB", country: DE), the explicitly guaranteed development bank of the Federal State of Berlin, rated Aa1/AAA by Moody's/Fitch, has mandated BayernLB, Credit Agricole CIB, Deutsche Bank, DZ BANK, and Landesbank Baden-Wuerttemberg as joint lead managers for its upcoming 5yr €500mn (WNG) Social Bond benchmark due 20-Aug-31.

The transaction is expected to be launched in the near future, subject to market conditions.

• Issuer Status: 0% risk weighted, LCR Level 1 and an ECB classified agency, Haircut Category II.
• Use of Proceeds: The proceed will be allocated to Eligible Social Projects as defined in the Social Bond Framework.
• Target Market: The manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients, each as defined in MiFID II (distribution channel: non-advisory business).
• Documentation: The Social Bond Framework, the Second Party Opinion by ISS ESG and the Investor Presentation can be consulted on IBB’s website:
  • English: https://www.ibb.de/en-ir
  • German: https://www.ibb.de/ir