DZ HYP issues Green Jumbo Pfandbrief

• Green Mortgage Pfandbrief with a term of 10 years 
• Issue size of €1 billion
• 3.25 per cent coupon

DZ HYP very successfully placed a €1 billion Green Pfandbrief issue from the mortgage cover pool on the capital markets on Tuesday, 2 June 2026. The benchmark bond carries a 3.25 per cent coupon and is due to mature on 30 May 2036. 

The transaction was managed by a syndicate comprising Bank of Montreal, Barclays, Commerzbank, DZ BANK, ING, Nordea and NORD/LB.

Having been announced the previous day, the order book was opened on Tuesday morning with a spread of mid-swaps plus 36 basis points over 6-month Euribor and proved to be very dynamic right away. Based on an allocable order book volume of €3.4 billion (with 130 individual orders), the final spread was fixed at mid-swaps plus 30 basis points. 

At 53.7 per cent, investors from Germany accounted for the largest share of the allocated order volume, followed by investors from Southern Europe (11.1 per cent) and from Denmark, Finland and Norway (9.4 per cent). Investors from the UK and Ireland (7.1 per cent), Austria and Switzerland (6.4 per cent) and from Belgium, the Netherlands and Luxembourg (6.1 per cent) showed almost the same level of interest. The remaining 6.2 per cent was placed with investors from other regions.

Banks were the main investor type, representing 54.0 per cent of the order volume, followed by asset managers and funds (21.3 per cent), central banks and official institutions (17.3 per cent), insurance companies and pension funds (6.0 per cent) and other investors (1.4 per cent).