By Ben Edwards

Germany is planning to meet investors about its debut state- and federal-backed bond, one of the banks arranging the meetings said Tuesday.

Barclays PLC, Commerzbank AG, Deutsche Bank AG, DZ Bank and HSBC Holdings PLC are the banks hired to run the inaugural bund-laender-anleihe sale.

The German Finance Agency said the bond is likely to be around 3 billion euros ($4 billion) in size, with a maturity of five to 10 years.

The joint issue is intended to help provide funding for German regions that have shaky finances and high borrowing costs. By having the federal government on board they can borrow money at more affordable levels.

(Emese Bartha in Frankfurt contributed to this article)

Write to Ben Edwards at ben.edwards@dowjones.com

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