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FINANCIALS: LBBW - New Issue - €500m WNG Long 5Y Sr Non-Pref - FV

FINANCIALS

LBBW - New Issue - €500m WNG Long 5Y Sr Non-Pref

  • IPT:MS+125
  • FV: MS+120 Liner interpolation between the LBBW 0.375% 2028 and the LBBW 0.375% 2031 would put one around MS+115 then adjust upwards by 5bps for both these bonds are low price. This bond is also not green, which for LBBW seems to entail a 5bp premium. Green LBBW bonds in red on the chart, normal bonds in yellow.
  • Exp. Ratings: A2/NR/A+ 

 

 

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LBBW - New Issue - €500m WNG Long 5Y Sr Non-Pref

  • IPT:MS+125
  • FV: MS+120 Liner interpolation between the LBBW 0.375% 2028 and the LBBW 0.375% 2031 would put one around MS+115 then adjust upwards by 5bps for both these bonds are low price. This bond is also not green, which for LBBW seems to entail a 5bp premium. Green LBBW bonds in red on the chart, normal bonds in yellow.
  • Exp. Ratings: A2/NR/A+