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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%.

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