Published on 9/28/2015 in the Prospect News Investment Grade Daily.
New Issue: L-Bank sells $500 million two-year floaters at Libor plus 8 bps
By Aleesia Forni
Virginia Beach, Sept. 28 – Landeskreditbank Baden-Wurttemberg-Forderbank (L-Bank) priced $500 million of two-year floating-rate notes at par to yield Libor plus 8 basis points on Monday, according to an informed source.
Barclays, J.P. Morgan Securities LLC and Commerzbank AG were the joint bookrunners.
The financial services provider is based in Karlsruhe, Germany.
| Issuer: | Landeskreditbank Baden-Wurttemberg-Forderbank
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | 2017
|
| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Commerzbank AG
|
| Coupon: | Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Libor plus 8 bps
|
| Trade date: | Sept. 28
|
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