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Norddeutsche Landesbank 5.625% 08/34 Bond
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Bond Description
Current Coupon
5.625%
Maturity Date
23/08/2034
Credit Risk
Low
Currency
EUR
Seniority
Subordinated
Coupon Type
Fixed-Fixed (Margin-over Index)
Country
DEU
Industry Type
Banks (Tier 2)
Callable
Yes
Perpetual
No
Guarantor
None
Bond RatingsA+
Issuer Rating1
A+
Last Rating Action
Affirmed on 2025-02-07
Issuer Rating Watch/Outlook
Rating Outlook Stable
Issue Rating2
A-
Last Rating Action
Affirmed on 2025-02-07
Issuer Rating Action History
08/07/2024
A+
Upgrade
Rating Outlook Stable
02/02/2024
A-
Affirmed
Rating Outlook Stable
11/08/2023
A-
Review - No Action
Rating Outlook Stable
Yield Analysis
Yield3
4.32
Yield to Call
4.32
Z Spread (bps)
215
Duration
3.27
Next Coupon Date
23/08/2025
Accrued Interest
5.009
Next Call Date
23/05/2029
Next Call Price
100
Liquidity
Very Liquid
Next Reset Date
23/08/2029
Reset Index (Current Level)
2.220%
Spread
295bp
Reset Index
EUAMDB05 (EURIBOR ICE Swap Rate 11:00AM)
Bond Additional Information
ISIN Code
XS2825500593
Registration Type
Regulation S
Amount Issued
500,000,000
Amount Outstanding
500,000,000
Issue Date
23/05/2024
Issue Price
99.542
Coupon Frequency
1
Day Count
ACT/ACT
Redemption Value
100
Min. Denomination
100,000
Footnotes:
1 Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
2 Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
3 Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.
Last traded data sourced from BondCliQ.