These are the details of the selected bond:
- Issuer: Sparkasse Pforzheim Calw
- Covered bond rating(s) at launch: AAA (Fitch)
- Amount: EUR250m
- Maturity date: 11 February 2030
- Re-offer price: 99.643
- Coupon: 2.50%
- Swap spread: 15bp
- Government spread: 30.0bp
- Pricing date: 5 February 2026
- Settlement date: 11 February 2026
- Bookrunners: Erste, JP Morgan, LBBW, NordLB
- Country: Germany
- ISIN: DE000A460QE4
- Collateral type: Mortgage
- The CBR bond ID: 3303
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR650m (inc. EUR150m JLMs).
