The aim of BayernLB’s funding strategy is to access funding from a wide range of sources that can be drawn on as the economic and market situation best calls for.
There are three main sources:
- Debt Issuance Program (DIP), aimed primarily at international investors,
- Institutional investors in Germany,
- Retail investors.
Funding includes both secured (covered bonds/Pfandbriefs) and unsecured issues, including subordinate instruments. Under the Debt Issuance Program, instruments denominated in euro and in foreign currency are issued.