08/10/2003
WestLB Covered Bond Bank Today Issues € 2 Billion Bond
WestLB Covered Bond Bank, Dublin, is issuing today its first covered bond this week with a volume of € 2 billion. The five-year bond, which is rated Aaa by Moody´s and AAA by S&P, will have a spread of five basis points above mid-swaps. The bond, which is due October 15, 2008, will be listed in Dublin and Frankfurt. Joint lead managers for the issue are ABN Amro, Citigroup, Merrill Lynch and WestLB. WestLB Covered Bond Bank is a wholly owned subsidiary of WestLB AG, Düsseldorf/Münster.