These are the details of the selected bond:
- Issuer: Bausparkasse Schwaebisch Hall
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 27 January 2038
- Re-offer price: 99.948
- Coupon: 3.25%
- Swap spread: 36bp
- Government spread: 40.5bp
- Pricing date: 20 January 2026
- Settlement date: 27 January 2026
- Bookrunners: Credit Agricole, Commerzbank, DZ, Helaba, ING, RBI
- Country: Germany
- ISIN: DE000A46Z8K8
- Collateral type: Mortgage
- The CBR bond ID: 3286
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR970m (inc. EUR120m JLMs) with 54 accounts. Banks 41%, asset managers/fund managers 27%, insurance companies/pension funds 18%, central banks/official institutions 14%. Germany 77%, Norway 11%, Austria 8%, France 2%, UK 1%, Luxembourg 1%.
