ISIN.net update is courtesy of Reuters. The most populous state in Germany, the State of North Rhine-Westphalia (ISIN Code: DE000NRW1XJ7), announced Tuesday, May 27, 2015, that it has increased a 2018 bond by $500 million. Below is the terms and conditions of this bond increase.
Following are terms and conditions
of a bond increased on Tuesday.
Borrower Federal State of North Rhine-Westphalia
(Land NRW)
Issue Amount $500 million
Maturity Date February 20, 2018
Coupon 1.250 pct
Issue price 100.082
Reoffer price 100.082
Reoffer yield 1.219 basis points
Spread 8 basis points
Underlying govt bond Over the midswaps
Payment Date June 3, 2015
Lead Manager(s) Barclays,BofAML & CITI(B&D)
Ratings Aa1(Moody’s), AA-(S&P)&
AAA (Fitch)
Listing Luxembourg Stock Exchange’s regulated market
Denoms (K) 100
Governing Law German
Notes The issue size will total $1 billion when fungible
Temp ISIN XS1240963758
ISIN XS1190391695
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