These are the details of the selected bond:
- Issuer: Commerzbank
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR1,000m
- Maturity date: 1 September 2031
- Re-offer price: 99.791
- Coupon: 3.250%
- Swap spread: 17bp
- IPTs/initial guidance: 23bp
- Government spread: 34.4bp
- Pricing date: 24 August 2026
- Settlement date: 1 September 2026
- Bookrunners: Commerzbank, Danske, DZ, IMI Intesa Sanpaolo, LBBW, Nordea, SEB
- Country: Germany
- ISIN: DE000CZ46C35
- Collateral type: Mortgage
- The CBR bond ID: 3460
- Green, social, sustainability description: unlabelled
- Final book: above EUR3.15bn (inc. EUR165m JLMs)
- Distribution by type: Asset managers/fund managers 35%, banks/private banks 33%, central banks/official institutions 26%, insurance companies/pension funds 6%
- Geographical distribution: Germany/Austria/Switzerland 31%, Benelux 21%, Nordics 19%, France 14%, UK/Ireland 7%, southern Europe 6%, Asia 2%
