Investor Presentaiton
Inaugural Sustainablity Bond - State of Berlin
Transaction Review
Final Terms
Description and Transaction History
State of Berlin
Rating
Aa1 (Moody's) / AAA (Fitch) /
AAA (Scope)
■ Increased investor outreach before launch
•
Two well-received Global Investor Calls in German and English
•
Eleven investor meetings as one-on-ones
Allocation by Investor Type
Asset
Manager.
33%
Format
Issuance Volume
Treasury note
EUR 750mn (no-grow)
2.75% p.a., act/act, ICMA
Coupon
Pricing Date
06. Februar 2023
Settlement Date
14. Februar 2023
Maturity Date
14. Februar 2033
Reoffer Price
99.200%
MS - 2 bps
Reoffer Spread
Alignment of the framework with the "ICMA Principles"
•
Seven green and five social project categories that contribute to 12
UN SDGs according to the SPO by ISS ESG
• 27 percent of emissions proceeds go to 18 green projects and 73
percent to 18 social projects
■ Announcement on February 3, 2023
•
10-year bond with a volume of EUR 750mn no grow
•
Opening of the order books on Monday, February 6, 2023 with a
guidance of MS +1 bp area
Banks
43%
Bund
Denomination
Reoffer Yield
Reoffer-Spread to
2.843%
+ 59.4 bps vs.
DBR 1.70% 8/2032
EUR 1.000,-
Listing
Berlin
Joint Lead Managers
ISIN
CACIB / Deka Bank / DB /
Rabobank / UniCredit
DE000A3MQYP1
Page 30
Largest order book of all syndicated Berlin bonds
•
High quality orders from the first minute
• With a granular order book of over EUR 3.6 billion, fixing of the
reoffer spread at MS -2 bps
•
Despite 3 bps tightening, order book continues to grow to over EUR
5bn
Others
.
Greenium of one basis point
1,7%.
■ More than 120 investors
Allocation of 2/3 of the issue to sustainable investors
BeNeLux
3,8%
Other Europe
4,5%
Senate Department of Finance - Investor Presentation April 2024
Allocation by Region
Central Banks
11%
Others
3%
Germany
43,7%
Insurances
10%
Southern
Europe
22,7%
France
11,7%
Austria/Switzerland
11,9%
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