NORD/LB issues 7-year benchmark Pfandbrief

On Thursday, 28 September 2017 NORD/LB issued a benchmark public-sector Pfandbrief with a seven-year term and a face value of EUR 500 million. The order book already reached this volume just 30 minutes after opening in the morning. On closing at 11:00, the books had logged orders  of over EUR 900 million altogether. Germany accounted for the largest share of placements at 76 percent.

The coupon was set at 0.375 percent, nine basis points below the relevant mid-swap rate.

NORD/LB acted as one of five lead managers. The bonds are admitted for trading on the stock exchanges in Hanover and Frankfurt, rated Aa1 by Moody's.

With total assets of EUR 169 billion, NORD/LB is among Germany's leading commercial banks. Its core business fields include structured financing in the energy and infrastructure sectors, ship and aircraft financing, corporate banking, commercial real estate financing, capital market business and the servicing of private and corporate customers. The bank is headquartered in Hanover, Braunschweig and Magdeburg. The focus of its operations in Bremen and Oldenburg under the BLB brand is on business with corporate customers in Northern Germany, domestic wind energy financing and private banking.  NORD/LB also has branch operations in Düsseldorf, Hamburg, Munich, Schwerin and Stuttgart, and is represented outside of Germany by a Pfandbrief bank (NORD/LB Covered Bond Bank) in Luxembourg and branches in London, New York, Singapore and  Shanghai.


NORD/LB Corporate Communication
Friedrichswall 10
30159 Hannover

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