Commentary & Deal Flow

The Flemish Community, rated AA- (stable outlook) by Fitch, has mandated Deutsche Bank as Sole ESG Coordinator and Deutsche Bank, HSBC, ING and UniCredit as Joint Lead Managers for its upcoming EUR-denominated benchmark fixed rate dual tranche transaction.

An expected € benchmark short 5-year (maturing in August 2031) sustainable bond and €500m expected short 12-year (maturing in June 2038) conventional bond offering will follow in the near future, subject to market conditions off the Issuer’s EMTN programme.

• Target Market: Manufacturer target market (EU MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in the EEA or the UK.
• Stabilisation: FCA/ICMA stabilisation applies.