05/16/2024 - Yesterday, NORD/LB Norddeutsche Landesbank successfully issued a Tier 2 bond in benchmark format. The EUR 500 million bond has a term of 10.25 years and a baa1 rating from Moody's. The bond coupon is 5.625%, which corresponds to a premium of 295 basis points above the swap centre. This is the Bank's first placement of a Tier 2 benchmark bond in over ten years.

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