By Laura Contemori – ROME (Econostream) – Bavaria’s state development bank BayernLabo (Bayerische Landesbodenkreditanstalt) on Tuesday priced a €500 million 10-year social bond.
The senior unsecured bond carries a 3.625% annual coupon and will mature on September 15, 2036.
The deal was reoffered at a price of 99.876, for a yield of 3.640%, at mid-swaps plus 24bp.
Settlement is scheduled for September 15, 2026.
BayernLB, Helaba, NORD/LB, TD Securities and UniCredit acted as joint lead managers.
The pricing was executed at 14:35 CET (13:35 UK time).