These are the details of the selected bond:
- Issuer: ING Belgium
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch)
- Amount: EUR1,000m
- Maturity date: 15 February 2031
- Re-offer price: 99.646
- Coupon: 3.000%
- Swap spread: 38bp
- Government spread: 80bp
- Pricing date: 8 February 2024
- Settlement date: 15 February 2024
- Bookrunners: BayernLB, Commerzbank, DZ, ING, NordLB, Nykredit, SG
- Country: Belgium
- ISIN: BE0390110733
- Collateral type: Mortgage
- The CBR bond ID: 2807
- Green, social, sustainability description: unlabelled
Coverage of this deal:
Santander in Portuguese high, BPCE sees solid duration bid 8 February 2024
Banco Santander Totta sold the largest and longest Portuguese benchmark since 2017 today, while a BPCE dual-trancher, including a successful 12 year, attracted one of the biggest books of the year, showing the primary covered bond market to remain in good shape.