These are the details of the selected bond:
- Issuer: Aareal Bank AG
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR750m
- Maturity date: 5 August 2031
- Re-offer price: 99.558
- Coupon: 3.00%
- Swap spread: 64bp
- Government spread: 75bp
- Pricing date: 29 January 2025
- Settlement date: 5 February 2025
- Bookrunners: ABN Amro, Deutsche, JP Morgan, LBBW, NordLB, SG
- Country: Germany
- ISIN: DE000AAR0454
- Collateral type: Mortgage
- The CBR bond ID: 3052
- Green, social, sustainability description: unlabelled
- Notes: Final book EUR2.8bn with over 100 accounts. Asset managers 57.5%, banks 27.5%, central banks/official institutions 15.0%. Germany 56.4%, Nordics 16.0%, UK/Ireland 8.7%, Austria/Switzerland 4.9%, southern Europe 3.9%, Middle East/Asia 3.7%, France 2.7%, Benelux 1.8%, others 1.9%.