Search
About us
About us
Corporate bodies and committees Management Board Disclosure Report on Remuneration Policy Financial Reports Cooperative Financial Network Locations Contact
Market Research Media
Media information News Social Media Media centre
Your contact persons
Customers
Corporate Clients Commercial Real Estate Investors
Services
Housing Sector
Services Documentation
Your contact persons Retail Customers
Services Products Loan terms My contract
Your contact persons Public Sector
Products
Your contact persons
Banks
Services Customers
Coporate Clients Retail Customers Public Sector
Your contact persons
Investor Relations
Informations for Investors
Investor Presentation Green Bonds Debt Issuance Programme Cover pools Ad-hoc announcements Legal & Downloads
Contact Rating and Reports
Ratings Financial reports Pfandbrief Market reports Key financial indicators Calendar of events
Sustainability
Our Understanding Sustainability strategy
Fields of Action Responsible Corporate Governance Sustainability Management Stakeholder Engagement Supplier Management
News Ratings, reports & documents Your contact persons
en
Open Search
Turning ideas into reality
  1. dzhyp.de
  3. About us
  5. Media
  7. Media information

DZ HYP issues € 500 mn Green Pfandbrief

18.08.2023

  • Successful Green covered bond significantly oversubscribed
  • Maturity of 4.5 years
  • High proportion of Sustainable Responsibility Investment investors

The covered bond market returned from its summer break at the same time as the end of the summer vacations in some Germany federal states. DZ HYP took advantage of the positive market sentiment to issue a EUR 500 million Green Mortgage Pfandbrief with a maturity of 4.5 years and a coupon of 3.375 per cent.

The transaction was accompanied by a syndicate consisting of Barclays, Deutsche Bank, DZ BANK, Helaba, Societé Generale and Toronto Dominion.

The marketing of the bond started the day before with the public announcement of the issue. When the order book opened early on Thursday morning with a spread guidance of +9 basis points, investor demand for DZ HYP's Green Pfandbrief was extremely strong and continuous. The bond was more than 4 times oversubscribed at the close of the order book (around EUR 2.4 bn incl. JLM EUR 185 mn). It was finally placed with a spread of +4 basis points. The allocable order book volume amounted to around EUR 1.6 bn.

As expected, the strongest demand came from the German domestic market (64 per cent). Scandinavian investors (14.3 per cent), investors from Benelux (8.3 per cent), France (6.3 per cent) and Austria and Switzerland (4.1 per cent) also showed particular interest.

Among the investors, 41.4 per cent were banks, followed by asset managers and funds (30.5 per cent), central banks/public institutions (15.3 per cent) and insurance companies (12.8 per cent).

The high proportion of Sustainable Responsible Investment investors of around 46 percent is also particularly pleasing.

Commenting on the extremely positive result of this Green transaction, Sabine Barthauer, Chief Executive Officer of DZ HYP, said: "We are very pleased with the extremely high demand for our Green Pfandbrief. This result confirms us on our path to support the sustainable transformation of the real estate industry with our contribution."

Downloads

Press release for download
Back