State of Brandenburg (BRAND) 2021-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR500.00025Jan-46Sr. UnsecuredAaaNRNRFixedSwaps-MS+7 a70.13%-99.46000
Tranche Comments
25 yr: First Pay: 2022-01-26; Registration: Reg S Only; Comments: EUR500m 25yr LSA. Aaa. BNPP/Deka/Helaba/HSBC/NatWest(B&D)/NordLB. Guidance MS+7 area. Set at MS+7. Launch 500m, DBR 2.5 08/46 + 34.2bps Px 170.666% (Hedge Ratio 96%). FTT 11.45am;