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Commentary & Deal Flow

NEW ISSUE: Federal State of Mecklenburg-Vorpommern €500m (no-grow) 6yr Sr Unsec; MS+12a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

Guidance

Federal State of Mecklenburg-Vorpommern

6yr

23-Sep-32

€500m (no-grow)

Sr Unsec

Fixed

DE000A5GS6X1

MS+12a


Guidance: 6yr: MS+12a


  • Issuer: Federal State of Mecklenburg-Vorpommern
  • BBG Ticker: MECVOR Govt <GO>
  • Format: Landesschatzanweisung (0% rw, senior unsecured) / Reg S, Bearer
  • Issuer Rating: AAA (Fitch)
  • Size: €500m (no-grow)
  • Coupon: Fixed, Annual, ACT/ACT ICMA
  • Settlement: 23-Sep-26 (T+5)
  • Maturity: 23-Sep-32 (6y)
  • Law/List/Denom: German / Frankfurt / 1k+1k
  • ISIN/WKN: DE000A5GS6X1 / A5GS6X
  • Bookrunners: J.P. Morgan, LBBW, Nordea, NORD/LB & UniCredit (B&D)
  • Fees: The banks will be paid a fee in relation to this transaction
  • Target Market: Professional clients, eligible counterparties and retail clients, all distribution channels each as defined in MiFID II
  • Timing: Today's business