Landeskreditbank Baden-Württemberg - Förderbank €500 million SOFR-linked bond issue

18/3/2019
Investment grade bond/note issue

€ 500 million

$ 567.862 million

Completed

18/3/2019


Overview:

  • Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) has issued a €500 million bond with a coupon linked to to the secured overnight financing rate (SOFR).
  • L-Bank is the development bank of the state of Baden-Württemberg.
  • The bond has a variable rate, linked to the US repo market, and is listed on the Luxembourg Stock Exchange.

Ben Naylor - Editor

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