Germany Sells 4 Billion Euros in New May 2041 Green Bund -- Update

By Emese Bartha

Germany issued 4 billion euros ($4.68 billion) in the new May 2041 green Bund, a twin of the existing 2.60% May 2041 conventional Bund via a syndicated transaction on Tuesday, one of the lead manager banks said.

The issue volume includes 1 billion euros of issuer retention.

Books for the new German Bund closed in excess of 22 billion euros, including 1.2 billion euros of joint lead manager demand, the same bank said.

The spread on the new green Bund was set at 1 basis point below the conventional twin, the same bank said. The bond was priced at 93.552, at a yield of 3.140%.

Lead managers of the issue were BNP Paribas, Danske Bank, Deutsche Bank, DZ Bank, NatWest and Societe Generale.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

03-03-26 0731ET