Commentary & Deal Flow

The Free State of Thuringia, rated AAA (stable) by Fitch, has mandated Deutsche Bank, DZ BANK, LBBW, NORD/LB and UniCredit to lead manage its upcoming 8-year EUR Benchmark fixed rate Landesschatzanweisung. Launch and pricing is expected in the near future, subject to market conditions.

An expected € Benchmark, fixed rate, Landesschatzanweisung 8yr EUR offering will follow, subject to market conditions.

• Issuer: The Free State of Thuringia
• Rating: AAA (stable) (Fitch)
• Mandated Banks: Deutsche Bank, DZ BANK, LBBW, NORD/LB and UniCredit
• Tenor: 8yr
• Currency: €
• Size: € Benchmark
• Type: Fixed Rate Landesschatzanweisung
• Target Market Manufacturer (MiFID II Product Governance): Retail, eligible counterparties and professional clients (all distribution channels)