Landeskreditbank Baden-Württemberg - Förderbank €500 million SOFR-linked bond issue

Overview:

• Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) has issued a €500 million bond with a coupon linked to to the secured overnight financing rate (SOFR).
• L-Bank is the development bank of the state of Baden-Württemberg.
• The bond has a variable rate, linked to the US repo market, and is listed on the Luxembourg Stock Exchange.

Ben Naylor - Editor