LBBW 1.500% 03Feb2025 Corp (GBP)

Bond Factsheet

Matured/ Called

Landesbank Baden-Wuerttemberg

Indicative

Full Lot

Bid Price

99.874

Change in Bid Price

0.009

Bid Yield (%)

Change in Bid Yield

Ask Price

99.905

Change in Ask Price

0.008

Ask Yield (%)

Change in Ask Yield

Indicative price as of 03 Feb 2025, 12:00am

chevron_leftchevron_right

Bond Information

Landesbank Baden-Wuerttemberg operates as bank. The Bank provides commercial and retail banking, leasing, asset management, real estate, international business, and equity financing services. Landesbank Baden-Wuerttemberg serves customers worldwide.

Bond Issuer

Landesbank Baden-Wuerttemberg

Guarantor

Announcement Date

22 Jan 2020

Issue Date

03 Feb 2020

Maturity Date

03 Feb 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.896

Issue / Reoffer Yield

1.522

Coupon Type

Fixed

Annual Coupon Rate

1.500

Coupon Frequency

Annually

Seniority

Senior Non Preferred

Capital Structure

Senior Non Preferred

Reference Rate

ISIN

DE000LB2CQX3

CUSIP

ZP6261850

Bond Currency

GBP

Total Issue Size

500,000,000

Min. Investment Quantity (Nominal)

GBP 100,000

Incremental Quantity (Nominal)

GBP 100,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ A+

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Additional Note

Early redemption for reasons of an MREL Event

The Notes may be redeemed at any time in whole but not in part, at the option of the Issuer, but subject to the prior consent of the competent supervisory authority or the competent resolution authority, as far as required by provisions of law, upon not less than 30 and not more than 60 days’ notice in case the Notes, according to the determination of the Issuer, cease to qualify as eligible for the purposes of the minimum requirement for own funds and eligible liabilities (MREL, and such scenario a "MREL Event").

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.