These are the details of the selected bond:
- Issuer: BSK 1818 AG
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR300m
- Maturity date: 22 October 2032
- Re-offer price: 99.402
- Coupon: 2.625%
- Swap spread: 31bp
- Government spread: 40.3bp
- Pricing date: 16 October 2025
- Settlement date: 23 October 2025
- Bookrunners: Commerzbank, DekaBank, LBBW, NordLB
- Country: Germany
- ISIN: DE000A30VRV8
- Collateral type: Mortgage
- The CBR bond ID: 3237
- Green, social, sustainability description: unlabelled
- Notes: Inaugural sub-benchmark under new name (formerly Landesbank Berlin). Final book above EUR535m (inc. EUR85m JLMs) with 29 accounts. Banks/financial services 86%, government/agency 8%, funds 4%, insurance companies/pension funds 1%, other 1%. Germany 77%, Nordics 22%, other 1%.
