Commentary & Deal Flow

The German Federal State of Mecklenburg-Western Pomerania (Land Mecklenburg-Vorpommern, "MECVOR"), rated AAA stable by Fitch, has mandated J.P. Morgan, LBBW, Nordea, NORD/LB and UniCredit to lead manage its upcoming 6-year € 500m (no-grow) Landesschatzanweisung. The Joint Bookrunners will be paid a fee in connection to the transaction. Launch is expected in the near future, subject to market conditions.

• Issuer: State of Mecklenburg-Western Pomerania (Land Mecklenburg-Vorpommern, "MECVOR")
• Rating: AAA stable (Fitch)
• Format: Landesschatzanweisung
• Size: € 500m (no-grow)
• Tenor: 6 years
• Joint Bookrunners: J.P. Morgan, LBBW, Nordea, NORD/LB, UniCredit
• Fees: The Joint Bookrunners will be paid a fee in connection to the transaction
• Target Market: Retail, professional and eligible counterparties, each as defined in MiFID II (all channels for distribution of the Bonds are appropriate)