By Laura Contemori – ROME (Econostream) – The German State of Rhineland-Palatinate on Thursday priced a €500 million senior unsecured Treasury note (Landesschatzanweisung). 

The note carries a 2.750% fixed annual coupon and matures on July 17, 2028. 

The deal was reoffered at a price of 99.829 for a yield of 2.839%, or 2bp below mid-swaps. €100 million were retained by the issuer. 

DekaBank and LBBW acted as joint lead managers. 

The time of execution on the pricing was 14:40 CET (13:40 UK time).