These are the details of the selected bond:
- Issuer: Banque et Caisse d’Epargne de l’Etat
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 7 October 2033
- Re-offer price: 99.735
- Coupon: 3.875%
- Swap spread: 31bp
- IPTs/initial guidance: 38bp
- Government spread: 47.2bp
- Pricing date: 30 September 2026
- Settlement date: 7 October 2026
- Bookrunners: Belfius, Deutsche, LBBW, Natixis
- Country: Luxembourg
- ISIN: LU3524476929
- Collateral type: Mortgage
- The CBR bond ID: 3517
- Green, social, sustainability description: Green
- Misc: Debut covered bond, first Luxembourg Obligations Garanties Europeennes
- Final book: above EUR1.8bn (inc. EUR75m JLMs)
