By Laura Contemori – ROME (Econostream) – The German federal state of Berlin (Land Berlin) on Monday priced a €500 million tap of its 3% April 22, 2033 senior unsecured state treasury note (Landesschatzanweisung).

The tap was reoffered at 99.914% for a yield of 3.013%, equivalent to 17bp over mid-swaps.

Following the transaction, the outstanding size of the note reached €1.5 billion.

Settlement is scheduled for July 13, 2026.

BayernLB, Crédit Agricole CIB, Danske Bank, DZ BANK and Rabobank acted as lead managers.

The pricing was executed at 11:39 UK time (12:39 CET).