Commentary & Deal Flow

The Federal State of Saarland, rated AAA by Fitch, has mandated DekaBank, DZ Bank, Helaba and J.P. Morgan for its upcoming 8yr €500m (WNG) floating rate Landesschatzanweisung. The deal will be launched in the near future, subject to market conditions.

• Manufacturer target market (MiFID II product governance): Retail, professional and eligible counterparties (all distribution channels)