09/03/2025 - Yesterday, NORD/LB Norddeutsche Landesbank successfully issued a Tier 2 benchmark bond with a volume of EUR 500 million. The term of the bond is 10.25 years with a call option after 5.25 years. It carries a coupon of 4.375%, equivalent to a spread of 200 basis points over mid-swaps. The bond is expected to receive a "Baa1" rating from Moody's and an "A-" rating from Fitch.
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