Coupon: Fixed, annual, Act/Act ICMA, following unadjusted, short first
Guidance: MS+2bps area
Law/List/Denoms: German / Frankfurt / 1k+1k
Joint Leads: BayernLB, Citi (B&D), Danske Bank, Helaba, J.P. Morgan & NORD/LB
Fees: The Joint Bookrunners will be paid a fee in connection to the transaction
Target Market: The manufacturer target market (MIFID II product governance) for the bonds is retail, professional and eligible counterparties, each as defined in MiFID II (all channels for distribution of the bonds are appropriate).