DZ HYP places Green Jumbo Pfandbrief

• Green Mortgage Pfandbrief, 5-year maturity
• Issue size of €1 billion
• 2.50 per cent coupon

DZ HYP successfully placed a €1 billion Green Mortgage Pfandbrief on the capital markets on Wednesday, 10 September 2025. The benchmark bond matures on 30 August 2030 and carries a 2.50 per cent coupon. The five-year issue generated significant market interest and was subscribed by a broad investor base.

The issue was placed by a syndicate comprising DekaBank, DZ BANK, ING, Helaba, Nordea and UniCredit.

After the transaction was announced on Tuesday afternoon, the order book was opened on Wednesday morning with a spread of mid-swap plus 30 basis points (vs. 6-month Euribor). The allocable order book totalled €1.998 billion and comprised 105 orders, leading to a final spread of mid-swap plus 25 basis points.

“Yesterday’s transaction marks the first Jumbo Green Mortgage Pfandbrief since we updated our Green Bond Framework in 2024”, said Sabine Barthauer, CEO of DZ HYP. “This outstanding result, with the issue twice oversubscribed, reflects the continuing interest in sustainable investments among European investors. We would like to thank all investors for their trust and support as we work towards our green transformation goals.”
 
Geographically, the strongest investor interest came from the Germany, Austria and Switzerland (“DACH”) region (58 per cent), followed by Denmark, Finland and Norway (21 per cent), the Benelux countries and France (12 per cent) and other regions (9 per cent).

As regards investor types, banks were the largest group at 47 per cent, followed by asset managers and funds (26 per cent), central banks and official institutions (18 per cent), and insurance companies and pension funds (9 per cent).