Enquired -10y SaarLB debut benchmark Pfandbrief
Christian Walburg
Association of German Pfandbrief Banks
Are you satisfied with the result of your bank's first benchmark transaction, what do you think is special about the deal?
Kay Weissfloch
SaarLB
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.
Christian Walburg
Association of German Pfandbrief Banks
Why did SaarLB decide to issue a benchmark Pfandbrief after five sub-benchmarks?
Kay Weissfloch
SaarLB
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.
Christian Walburg
Association of German Pfandbrief Banks
What can investors expect, will SaarLB also offer sustainable bonds in the future?
Kay Weissfloch
SaarLB
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.