These are the details of the selected bond:
- Issuer: Bayerische Landesbank
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR750m
- Maturity date: 28 April 2034
- Re-offer price: 99.900
- Coupon: 3.00%
- Swap spread: 23bp
- Government spread: 29.6bp
- Pricing date: 22 January 2026
- Settlement date: 29 January 2026
- Bookrunners: BayernLB, Erste, ING, Natixis, UniCredit
- Country: Germany
- ISIN: DE000BYL0G78
- Collateral type: Mortgage
- The CBR bond ID: 3288
- Green, social, sustainability description: unlabelled
- Notes: Final book EUR1.69bn (inc. EUR120m JLMs) with 66 accounts. Banks 44%, savings banks 20%, asset managers/fund managers 17%, central banks/official institutions 7%, insurance companies/pension funds 3%, others 9%. Germany 68%, Benelux 10%, UK/Ireland 8%, CEE 4%, Austria 3%, southern Europe 3%, Nordics 3%, France 1%.
