These are the details of the selected bond:
- Issuer: Bayerische Landesbank
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR750m
- Maturity date: 2 September 2030
- Re-offer price: 99.718
- Coupon: 3.125%
- Swap spread: 10bp
- IPTs/initial guidance: 15bp
- Government spread: 29.9bp
- Pricing date: 24 August 2026
- Settlement date: 31 August 2026
- Bookrunners: BayernLB, Erste, Natixis, RBC, UniCredit
- Country: Germany
- ISIN: DE000BYL0RA8
- Collateral type: Public
- The CBR bond ID: 3461
- Green, social, sustainability description: unlabelled
- Final book: above EUR1.25bn (inc. EUR200m JLMs)
- Number of accounts: 53
- Distribution by type: Banks 51%, asset managers 23%, central banks/official institutions 14%, corporates 9%, insurance companies 3%
- Geographical distribution: Germany/Austria/Switzerland 68%, southern Europe 11%, Benelux 7%, CEE/ME 5%, Nordics 4%, UK 3%, France 2%
