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Commentary & Deal Flow

LAUNCHED: Sparkasse Hannover €500m 7yr CB; MS+35bp

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

ISIN

Guidance

Spread Set

Sparkasse Hannover

7yr

31-Oct-33

€500m

CB

Fixed

DE000A5GS7V3

MS+38a

MS+35


Launched: 7yr: €500m @ MS+35bp - Orderbook above €770m (incl. €50m JLM)
Guidance: 7yr: MS+38a


  • Issuer: Sparkasse Hannover
  • Ticker: SSPHAN
  • LEI: 52990085XZWOZNLAWJ54
  • Exp. Issue Rating: AAA (Fitch)
  • Status: Hypothekenpfandbrief (Mortgage Covered Bond)
  • Covered Bond Label: European Covered Bond Premium
  • Issue Size: €500m
  • Settlement: 30-Oct-26 (T+7)
  • Maturity: 31-Oct-33 (7Y)
  • Coupon: Fixed, annual, act/act ICMA, unadjusted, Long first coupon
  • Final Terms: €500m @ MS+35bp
  • Denominations: 1k
  • Listing: Hannover, unregulated market (Freiverkehr)
  • Governing Law: German
  • Joint Bookrunners: BayernLB, Commerzbank, Danske Bank, DekaBank and DZ BANK
  • MIFID II: Manufacturer target market (MIFID II product governance) are eligible counterparties, professional clients and retails clients (all appropriate distribution channels)
  • Documentation: Base Prospectus dated 24-Sep-26 ({https://www.sparkasse-hannover.de/de/home/ihre-sparkasse/zahlen-und-fakten/investor-relations/pfandbriefe.html})
  • Fees: The joint bookrunners will be paid a fee in respect of the placement of the securities.
  • ISIN/WKN: DE000A5GS7V3/A5GS7V
  • Books Subject: 11:40 CET
  • Timing: Books open, Today's business