On 19 May 2026, SaarLB successfully issued a 10-year public Pfandbrief with a volume of €250 million.
The transaction was very well received by investors. The order book was around three times oversubscribed, and the spread was narrowed from MS +37 bps to MS +31 bps.
SaarLB has thus achieved a successful placement in the current market environment. Particularly pleasing: this is the first 10-year Pfandbrief from Germany since February 2026.
Key details of the issue:
- Volume: €250 million
- Coupon: 3.50%
- Term: 10 years
- Maturity: 27 May 2036
- Rating: AAA (Fitch)
The joint lead managers were DekaBank, DZ BANK, Erste Group and NORD/LB.
