These are the details of the selected bond:
- Issuer: NordLB
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 5 July 2030
- Re-offer price: 99.742
- Coupon: 2.50%
- Swap spread: 35bp
- Government spread: 40.4bp
- Pricing date: 4 March 2025
- Settlement date: 13 March 2025
- Bookrunners: BayernLB, Commerzbank, Credit Agricole, Erste, ING, NordLB
- Country: Germany
- ISIN: DE000NLB5B06
- Collateral type: Mortgage
- The CBR bond ID: 3077
- Green, social, sustainability description: unlabelled
- Notes: Final book around EUR950m with 54 accounts. Banks/financial services 64%, government/agency 25%, funds 11%. Germany 69%, Nordics 13%, CEE 9%, Benelux 3%, Austria/Switzerland 3%, UK 2%, France 1%.
