Commentary & Deal Flow

Free Hanseatic City of Bremen, rated AAA by Fitch, has mandated BayernLB, DekaBank, DZ Bank, J.P. Morgan and LBBW to lead manage its upcoming 7yr €500m (no-grow) floating rate Landesschatzanweisung.

An expected €500m WNG 7yr € FRN LSA offering will follow in the near future, subject to market conditions.

• Target Market: eligible counterparties, professionals and retail (all channels for distribution), each as defined in MiFID II