These are the details of the selected bond:
- Issuer: Kreissparkasse Ludwigsburg
- Covered bond rating(s) at launch: AA+ (Fitch)
- Amount: EUR250m
- Maturity date: 11 November 2033
- Re-offer price: 99.634
- Coupon: 2.875%
- Swap spread: 38bp
- Government spread: 43.2bp
- Pricing date: 4 November 2025
- Settlement date: 11 November 2025
- Bookrunners: DekaBank, Erste, LBBW
- Country: Germany
- ISIN: DE000A460PB2
- Collateral type: Mortgage
- The CBR bond ID: 3244
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR365m (inc. EUR125m JLMs). Banks 92%, asset managers/hedge funds 4%, other 4%. Germany 97%, UK/Ireland 2%, 1% Austria.
