Germany

NORD/LB Norddeutsche Landesbank Girozentrale (Last update 16/04/2019)

Friedrichswall , 10
30159 Hannover

http://www.nordlb.de

NORD/LB (Group) is a universal bank in the heart of North Germany, clearly concentrated on its core business and focused particularly on the region in which it is based. With total assets worth € 154.8 bn and roughly 6,100 employees, NORD/LB is one of the ten biggest banks in Germany. In the federal states of Lower Saxony and Saxony-Anhalt, the bank serves as a Landesbank. In these two federal states as well as in Mecklenburg-Western Pomerania, NORD/LB is also a partner to all savings banks in the role as the central savings bank. NORD/LB is one of the leading banks in Germany according to national and international bond issues. Its seven business segments are Private and Commercial Customers, Corporate Customers, Markets, Energy and Infrastructure Customers, Ship Customers, Aircraft Customers and Real Estate Banking Customers.

CONTACT LIST

Name Surname Function E-mail
Thomas Cohrs Head of Syndicate & Origination thomas.cohrs@nordlb.de
Michael Schulz Head of Fixed Income Research michael.schulz@nordlb.de

Go to issuer website

POOL PROGRAMS LIST

Identifier Country Model Harmonised trans. templ. Harmonised Transparency Template Type HTT graphs
NORD/LB - Public Sector Pfandbriefe Go to the HTT File Public sector

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
DE000BRL2647 NORD/LB - Publi... 29/07/2009 29/07/2019 EUR 25,000,000 Fixed No Yes No HB Yes N/A
DE000BRL2878 NORD/LB - Publi... 14/10/2010 14/10/2020 EUR 5,000,000 Fixed No Yes No HB Yes N/A
DE000BRL2894 NORD/LB - Publi... 07/12/2010 07/12/2020 EUR 5,000,000 Fixed No Yes No HB Yes N/A
DE000BRL2969 NORD/LB - Publi... 05/03/2012 18/12/2019 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000BRL2985 NORD/LB - Publi... 20/07/2012 20/07/2020 EUR 25,000,000 Floating No Yes No HB Yes N/A
DE000BRL3041 NORD/LB - Publi... 24/02/2013 24/02/2023 EUR 55,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3058 NORD/LB - Publi... 14/03/2013 14/03/2023 EUR 32,300,000 Floating No Yes No HB Yes N/A
DE000BRL3090 NORD/LB - Publi... 12/06/2013 12/06/2020 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3108 NORD/LB - Publi... 26/06/2013 26/06/2019 EUR 25,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3124 NORD/LB - Publi... 02/10/2013 04/10/2022 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3132 NORD/LB - Publi... 11/10/2013 11/10/2019 EUR 27,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3140 NORD/LB - Publi... 12/12/2013 12/12/2022 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3157 NORD/LB - Publi... 22/12/2013 22/12/2023 EUR 20,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3165 NORD/LB - Publi... 16/01/2014 15/02/2022 EUR 15,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3207 NORD/LB - Publi... 21/05/2014 23/11/2020 EUR 45,500,000 Fixed No Yes No HB Yes N/A
DE000BRL3215 NORD/LB - Publi... 21/05/2014 22/11/2021 EUR 35,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3223 NORD/LB - Publi... 23/05/2014 23/05/2022 EUR 10,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3231 NORD/LB - Publi... 07/08/2014 31/07/2019 EUR 55,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3249 NORD/LB - Publi... 13/11/2014 13/11/2019 EUR 20,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3256 NORD/LB - Publi... 01/12/2014 01/12/2023 EUR 40,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3264 NORD/LB - Publi... 11/12/2014 11/12/2024 EUR 15,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3272 NORD/LB - Publi... 06/02/2015 06/02/2025 EUR 50,000,000 Floating No Yes No HB Yes N/A
DE000BRL3280 NORD/LB - Publi... 25/02/2015 25/02/2025 EUR 35,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3298 NORD/LB - Publi... 15/05/2015 15/05/2025 EUR 5,000,000 Fixed No Yes No HB Yes N/A
DE000BRL3306 NORD/LB - Publi... 23/05/2016 25/05/2021 EUR 25,000,000 Floating No Yes No HB Yes N/A
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(1) Please note that the face value of this bond has been converted into EUR values on the 15th of January of the current year (where the exchange rate protocol takes the ECB bilateral exchange rate on the last business day of the previous year) in order to facilitate the comparison across issuances and to increase the overall transparency of the website. Nevertheless, you will be able to check the original currency by directly clicking on the covered bond.

(2) Mat. - Maturity profile

HB - Hard bullet
Hard bullet covered bonds are repaid on the scheduled maturity date. Neither the documentation nor the legal framework contain provisions for a maturity extension. Failure to repay the final redemption amount of a hard bullet covered bond on the scheduled maturity date could trigger the default of the relevant covered bonds and, possibly, the liquidation of the cover pool depending on the respective national insolvency rules.

SB - Soft bullet
Soft bullet covered bonds have a scheduled maturity date and an extended maturity date. If objective, predefined and transparent criteria have been met , the maturity of a soft bullet covered bond can, and in some cases will automatically, be prolonged up to the extended maturity date. During the extension period, the covered bond may be redeemed using cover pool proceeds. Failure to repay a covered bond on the extended maturity date triggers the default of the relevant extended covered bonds (unless multiple extensions are allowed).

CPT - Conditional pass-through
Conditional pass-through (CPT) covered bonds have a scheduled maturity date and an extension mechanism. By itself, the failure to repay the CPT covered bond on the scheduled maturity date does not lead to an acceleration of this covered bond but to an extension of the maturity date of this and potentially other relevant covered bonds. The extension requires that objective, predefined and transparent criteria are met. In such circumstances the maturity of a CPT covered bond can be prolonged to the extended maturity date, which is typically linked to the maximum legal maturity of the underlying assets. During the extension period, cash-flows received or generated from the cover assets will be distributed to the covered bonds investors. Regular attempts are in general made to sell the cover pool assets to redeem the covered bonds . Such sales are subject to predefined criteria intended to protect the interests of all investors under the same programme. In certain jurisdictions and programmes, CPT covered bonds may feature an initial soft bullet extension

(3) European Economic Area (EEA) or non-EEA. While all the non-EEA labelled programmes’ quality standards will be fully aligned to the Covered Bond Label Convention, to Article 129 of the Capital Requirements Regulation (CRR) and to the definitions in the Liquidity Coverage Requirements (LCR) with the exception of being based in the EEA, i.e. they will present similar legislative safeguards from a qualitative and supervisory point of view to those in Europe, these bonds will present different characteristics, for example in terms of risk weights. Therefore, non-EEA Labels will be identified on the Label website by using a different graphic solution.

(4) The issuer believes that, at the time of its issuance and based on transparency data made publicly available by the issuer, this bond would satisfy the eligibility criteria for its classification as a Level 1 or Level 2 asset in accordance with Chapter 2 of the LCR delegated act. It should be noted that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU) 575/2013 is ultimately a matter to be determined by a relevant investor institution and its relevant supervisory authority and the issuer does not accept any responsibility in this regard.

Sustainable covered bond. A Covered Bond Labelled sustainable covered bond is a covered bond that is fully compliant with the Covered Bond Label Convention, and also includes a formal commitment by the issuer to use an amount equivalent to the proceeds of that same covered bond to (re)finance loans in clearly defined environmental (green), social or a combination of environmental and social (sustainable) criteria. Covered Bond Labelled sustainable covered bond programs are based on their issuer’s sustainable bond framework which has been verified by an independent external assessment. The issuer strives, on a best efforts basis, to replace eligible assets that have matured or are redeemed before the maturity of the bond by other eligible assets.
[Against this background, please note that the EMF-ECBC is currently working on market initiatives which will ultimately define European criteria for energy efficiency covered bonds and sustainability standards]

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