By Laura Contemori – ROME (Econostream) – Germany’s Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) on Wednesday priced $1.5 billion of three-year senior unsecured notes.

The Reg S bearer notes carry a 4.375% fixed annual coupon and mature on July 30, 2029. They were priced at 27bp over SOFR mid-swaps.

The deal was reoffered at 99.790 for a semiannual yield of 4.403%.

Settlement is scheduled for July 30, 2026.

Barclays, BMO, Deutsche Bank and RBC Capital Markets acted as lead managers.

The time of execution on the pricing was 15:05 UK time (16:05 CET).