These are the details of the selected bond:
- Issuer: Bayerische Landesbank
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: USD650m
- Maturity date: 23 February 2029
- Re-offer price: 100.000
- Coupon: 3.797%
- Swap spread: 52bp
- Government spread: 27.0bp
- Pricing date: 15 October 2025
- Settlement date: 23 October 2025
- Bookrunners: BayernLB, BMO, Nomura
- Country: Germany
- ISIN: DE000BYL0FH8
- Collateral type: Mortgage
- The CBR bond ID: 3234
- Green, social, sustainability description: unlabelled
- Notes: Final book above USD950m (inc. USD25m JLMs) with 17 accounts. Banks 43.2%, central banks/official institutions 33.0%, asset managers/fund managers 23.8%. Germany/Austria/Switzerland 30.8%, North America 17.8%, Asia 15.4%, Nordics 14.2%, UK/Ireland 10.7%, France/Luxembourg 8.3%, southern Europe 2.8%.
