October 20, 2014 / 2:07 PM / 3 years ago

New Issue-Lower Saxony adds 250 mln Euro 2020 FRN

Oct 20 (Reuters) -Following are terms and conditions

of a FRN increased on Monday.

Borrower Land Niedersachen (Lower Saxony)

Issue Amount 250 million Euro

Maturity Date July 7, 2020

Coupon 3 month Euribor + 7 basis points

Reoffer price 100.408

Payment Date October 27, 2014

Lead Manager(s) Commerzbank & Nord LB

Ratings AAA (Fitch)

Full fees Undisclosed

Notes The issue size will total 750 mln euro

when fungible

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