These are the details of the selected bond:
- Issuer: Commerzbank
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 16 April 2029
- Re-offer price: 99.918
- Coupon: 2.875%
- Swap spread: 13bp
- Pricing date: 9 April 2026
- Settlement date: 16 April 2026
- Bookrunners: BNS, Commerzbank, Helaba, Mediobanca, RBC, RBI
- Country: Germany
- ISIN: DE000CZ46CE9
- Collateral type: Public
- The CBR bond ID: 3354
- Green, social, sustainability description: unlabelled
- Notes: Simultaneous with EUR1bn 3.125% January 2033 issue (DE000CZ46CD1). Final book above EUR800m with 42 accounts. Banks/financial services 37%, governments/agencies 31%, funds 21%, hedge funds 10%, other 1%. Germany 42%, Nordics 20%, UK/Ireland 14%, Iberia 10%, Asia 6%, Italy 4%, Austria/Switzerland 3%, France 1%.
