March 6, 2013 / 4:17 PM / 5 years ago

New Issue- L-Bank prices $1.0 bln 2015 FRN

March 6(Reuters) -Following are terms and conditions

of an FRN priced on Wednesday.

Borrower Landeskreditbank Baden-Wuerttemberg-Foerderbank


Guarantor German Federal State of Baden-Wuerttemberg

Issue Amount $1.0 billion

Maturity Date September 14, 2015

Coupon 3-month Libor + 12bp

Reoffer price Par

Discount Margin 3-month Libor + 12bp

Payment Date March 14, 2013

Lead Manager(s) Barclays, Goldman Sachs International,

Morgan Stanley & Unicredit

Ratings Aaa (Moody‘s) & AAA (S&P)

Full fees Undisclosed

ISIN XS0903255312

Security details and RIC, when available, will be


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Data supplied by International Insider.

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