These are the details of the selected bond:
- Issuer: Sparkasse Hannover
- Covered bond rating(s) at launch: AAA (Fitch)
- Amount: EUR500m
- Maturity date: 31 October 2033
- Re-offer price: 99.535
- Coupon: 3.750%
- Swap spread: 35bp
- IPTs/initial guidance: 38bp
- Government spread: 52.8bp
- Pricing date: 21 October 2026
- Settlement date: 30 October 2026
- Bookrunners: BayernLB, Commerzbank, Danske, DekaBank, DZ
- Country: Germany
- ISIN: DE000A5GS7V3
- Collateral type: Mortgage
- The CBR bond ID: 3525
- Green, social, sustainability description: unlabelled
- Final book: above EUR780m (inc. EUR50m JLMs)
- Number of accounts: 43
- Distribution by type: Banks 67%, central banks/official institutions 18%, asset managers/fund managers 13%, insurance companies/pension funds 2%
- Geographical distribution: Germany 85%, Nordics 14%, other 1%
