Chicago, Jan. 31 – Bayerische Landesbank (BayernLB) priced €500 million of 3.75% green senior non-preferred notes, according to a market source.
Pricing came at 99.563 to yield 3.833%.
The notes priced at mid-swaps plus 95 basis points. Initial talk was in the 120 bps area.
BayernLB, Erste Group, ING, Natixis and UniCredit are the joint bookrunners.
Books were at €1.16 billion at final terms.
Bayerische Landesbank is a Munich-based company involved in finance and real estate.
| Issuer: | Bayerische Landesbank
|
| Amount: | €500 million
|
| Issue: | Green senior non-preferred notes
|
| Maturity: | Feb. 7, 2029
|
| Bookrunners: | BayernLB, Erste Group, ING, Natixis and UniCredit
|
| Coupon: | 3.75%
|
| Price: | 99.563
|
| Yield: | 3.833%
|
| Spread: | Mid-swaps plus 95 bps
|
| Trade date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Ratings: | Moody’s: A2
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 120 bps area
|
| Marketing: | Investor calls
|
| ISIN: | DE000BLB6JU7
|
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