Commentary & Deal Flow

The Federal Republic of Germany, rated Aaa/AAA/AAA (Moody's/S&P/Fitch) (all stable), has mandated Barclays, BNP Paribas, Citi, Deutsche Bank, J.P. Morgan and NatWest as joint lead managers for an upcoming € benchmark increase of their existing 30-year DBR Benchmark, due 15-Aug-56 (DE000BU2D012). The transaction will be launched and priced in the near future, subject to market conditions.

Remaining members of the Bund Issues Auction Group will be invited into the co-lead group. FCA/ICMA stabilisation applies. The MiFID II target market consists of eligible counterparties, professionals and retail clients (all distribution channels).