These are the details of the selected bond:
- Issuer: Nassauische Sparkasse
- Covered bond rating(s) at launch: AA+ (Fitch)
- Amount: EUR250m
- Maturity date: 16 May 2031
- Re-offer price: 99.973
- Coupon: 2.625%
- Swap spread: 40bp
- Government spread: 53.3bp
- Pricing date: 7 May 2025
- Settlement date: 16 May 2025
- Bookrunners: DekaBank, Helaba, LBBW
- Country: Germany
- ISIN: DE000A4DFL72
- Collateral type: Mortgage
- The CBR bond ID: 3110
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR840m with over 40 accounts. Banks 67%, asset managers 17%, central banks/official institutions 12%, insurance companies 4%. Germany 79%, Austria/Switzerland 7%, Nordics 6%, UK/Ireland 6%, other 2%.
