Commentary & Deal Flow

Guidance: 5yr: MS+22a

• Issuer: Landesbank Hessen-Thueringen Girozentrale
• LEI: DIZES5CFO5K3I5R58746
• Ticker: HESLAN
• Issue Type: Public Sector Covered Bond
• Format: Reg S Bearer Notes only, EU harmonisation label European Covered Bond (Premium)
• Exp. Rating: Aaa (Moody's)
• Size: € Benchmark
• Maturity: 15-Sep-31 (5 years)
• Settlement: 15-Sep-26 (T+5)
• Coupon: Tbd, annual, act/act ICMA
• ISIN/Common Code: XS3503935283 / 350393528
• Denoms: €100k+100k
• Listing/Law: Frankfurt & Luxembourg / German
• Bookrunners: Erste Group, Helaba (B&D), Lloyds, Scotiabank, Societe Generale, UniCredit
• Fees: The Banks will be paid a fee by the issuer in respect of the placement of the securities.
• Target Market: Eligible counterparties and professional clients. No PRIIPs key information document (KID) has been prepared as not available to retail in EEA and UK.
• Timing: Today's business