Funding strategy

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. Structural funding (in capital market maturities) is raised through public offerings and private placements of bearer and registered covered bonds (Pfandbriefe), senior unsecured bearer and registered bonds, “Schuldschein” loan notes and subordinated instruments.

BayernLB places its structural funding instruments at retail and institutional customers in Germany and abroad via:

• its Debt Issuance Programme for the issue of bearer bonds in the European capital markets
• several programmes for the continuous issue of bearer bonds in German-speaking markets (As of 28 April 2022 BayernLB´s domestic programme was integrated into its international Debt Issuance Programme.)
• its standard documentations for registered bonds and “Schuldschein” note loans