By Laura Contemori – ROME (Econostream) – German lender Norddeutsche Landesbank Girozentrale (NORD/LB) on Tuesday priced a €500 million senior preferred bond.

The bond carries a 3.5% fixed annual coupon and will mature on September 17, 2029.

The deal was reoffered at a price of 99.695, for a yield of 3.609%, at mid-swaps plus 38bp.

Settlement is scheduled for September 17, 2026.

BBVA, BayernLB, BNP Paribas, Commerzbank and NORD/LB acted as joint lead managers.

The pricing was executed at 15:23 CET (14:23 UK time).