Enquired -10y SaarLB debut benchmark Pfandbrief

We are the first bank from Germany in six months to re-enter the 10-year maturity segment with our issue, which will hopefully open the door for other German issuers. It was a special deal for us because we offered a benchmark format for the first time. We are therefore all the happier with the bookbuilding process and result of the transaction. In this context, I would like to thank our joint lead managers once again for their support.

Due to the better liquidity and the broader investor base when issuing a Pfandbrief in benchmark format compared to a sub-benchmark issue, it had been our goal for some time to place a real benchmark in the medium term. As we have been able to achieve high growth in our public sector business in recent years and the public sector cover pool has reached a particular size, the time was now right.

Having already been the first bank to place a social public Pfandbrief in sub-benchmark format in 2021, the sustainable segment will continue to play a major role in our organisation.