Hogan Lovells advises banks on the placement of an EUR 500 million subordinated Tier 2 green bond issued by Bayerische Landesbank

Press releases | 22 January 2026

Led by Frankfurt partner Dr. Jochen Seitz, global law firm Hogan Lovells advised a syndicate of banks consisting of Banco Santander, S.A., Bayerische Landesbank, BofA Securities Europe SA, Crédit Agricole Corporate and Investment Bank and Goldman Sachs Bank Europe SE on the placement of a subordinated Tier 2 green bond of Bayerische Landesbank with an issue volume of EUR 500 million.

On 21 January 2026, the bond was successfully placed and admitted to trading on the regulated market of the Munich Stock Exchange. The bond has a term of 11 years and an initial coupon of 3.875 per cent. that is equipped with a reset mechanism. Fitch assigned an A- rating and Moody’s a Baa1- rating. The subordinated bond serves to strengthen the total capital ratio and is to be classified as Tier 2 capital in accordance with Regulation (EU) 575/2013 (CRR).

Hogan Lovells regularly acts as dealer’s counsel in relation to issuances of notes under the Debt Issuance Programme (DIP) of Bayerische Landesbank.

Press release of Bayerische Landesbank: BayernLB successfully issued Green Bond with a volume of EUR 500 million

Hogan Lovells team for the banks

Dr. Jochen Seitz (Partner), Dr. Stefan Wollmert-Schrewe (Counsel), Anna Hersener (Associate) (all Capital Markets, Frankfurt)