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by Oleksandr Vynychuk

Oct 01, 2026 6:24 AM ET

ALLOCATIONS OUT: LfA Foerderbank Bayern €500m 7yr Sr Unsec; MS+17bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	ISIN	Guidance	Spread Set
LfA Foerderbank Bayern	7yr	07-Oct-33	€500m	Sr Unsec	Fixed	DE000LFA2576	MS+18a	MS+17

7yr: Final book above €700m (incl. €135m JLM interest)

Launched: 7yr: €500m @ MS+17bp - Books above €640m (incl. €85m JLM interest)
Guidance: 7yr: MS+18a

Issuer: LfA Foerderbank Bayern (BAYLAN)
Guarantor: Free State of Bavaria (AAA by S&P)
Format: Senior Unsecured, 0% rw, ECB and PSPP eligible, LCR Level 1
Expected Rating: Aaa by Moody's / AAA by Scope
Size: €500m
Coupon: Fixed rate, annual, Act/Act ICMA
Maturity: 07-Oct-33 (7y)
Settlement: 07-Oct-26 (T+4)
Listing/Law/Denoms: Munich / German Law / €1k+1k
Docs: Stand alone
ISIN/WKN/Series: DE000LFA2576 / LFA257 / 1257
Joint Leads: Commerzbank (B&D), DekaBank, DZ Bank and Helaba
Fees: The Joint Lead Managers will be paid a fee in connection with the transaction.
Target Market: Professional, retail and eligible counterparties each as defined in MiFID II (all channels for distribution of the Bonds are appropriate).
Books to close: 11:15 CET
Timing: Today's business
Benchmark: DBR 2.6 15-Aug-33, HR 103.5%
Hedge Deadline: 12:40 CET