DZ HYP Jumbo Mortgage Pfandbrief placed in challenging market environment

• Mortgage Pfandbrief with term of 5.4 years 
• Issue size of €1 billion
• 3.125 per cent coupon

On Tuesday, 7 April 2026, DZ HYP took advantage of an issuance window in a challenging market environment to successfully place a €1 billion Jumbo Mortgage Pfandbrief. The benchmark bond carries a 3.125 per cent coupon and is due to mature on 29 August 2031.

The transaction was managed by a syndicate comprising ABN AMRO, BayernLB, CIBC Capital Markets, DZ BANK, UBS Investment Bank and UniCredit.

The order book for the benchmark issue was opened with a spread of mid-swaps plus 28 basis points over 6-month Euribor. Based on an allocable order book volume of €2.0 billion consisting of 85 individual orders, the final spread was set at mid-swaps plus 24 basis points.

Sabine Barthauer, DZ HYP’s CEO, said: “In spite of the market volatility caused by international tensions and persistent macroeconomic uncertainty, we successfully placed our second benchmark bond of the year on the capital markets. This is a proof to our high issue quality and the confidence that investors have in DZ HYP.”

Geographically speaking, investors from Germany were the largest group, accounting for 58.5 per cent of the allocated order volume, followed by investors from the Nordic countries with 11.3 per cent. Austria and Switzerland together accounted for 9.9 per cent of investors, while the Benelux countries made up 6.0 per cent. Orders from other European countries contributed 11.5 per cent and other regions 2.8 per cent of the order volume.

As regards investor types, banks were the largest group at 53.6 per cent, followed by asset managers and funds (26.7 per cent), and central banks and public-sector development banks (19.2 per cent). Other investors accounted for 0.5 per cent.