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The State of North Rhine-Westphalia´s benchmark issue no. 6 will have a size of € 2 billion and a maturity of five years. The transaction will be jointly lead managed by HSBC, Merrill Lynch and WestLB. Co-lead managers will be Barclays, BNPP, Citigroup, Commerzbank Securities, Deutsche Bank, DrKW, HVB, Morgan Stanley, Nomura and UBS. In addition to the traditional market making, all managing banks will be committed to acting as market makers on the German MTS platform and in the repo market. Launch is expected shortly subject to market conditions. NRW is rated Aa1 (negative outlook)/AA/AAA.