By Laura Contemori – ROME (Econostream) – German bank Bayerische Landesbank on Monday priced a €750 million covered bond.

The Reg S bearer bond carries a 3.125% annual coupon and will mature on September 2, 2030.

The deal was reoffered at a price of 99.718 for a yield of 3.201%, equivalent to 10bp over mid-swaps.

BayernLB, Erste Group, Natixis, RBC Capital Markets and UniCredit acted as joint bookrunners.

The deal was priced at 13:48 CEST (12:48 BST).