DZ HYP successfully places Green debut bond
16.02.2022
DZ HYP successfully placed its first Green Pfandbrief on the market on Tuesday, 15 February 2022. The issuance was preceded by a roadshow lasting several days, during which the details of the newly published DZ HYP Green Bond Framework were presented. The proceeds raised from the issue will be used to specifically finance sustainable real estate. In addition to the usual high quality requirements of the Pfandbrief Act, the Green Pfandbrief also meets the vdp Minimum Standards for Green Pfandbriefe. Furthermore, the DZ HYP Green Bond Framework is based on the ICMA Green Bond Principles. This was confirmed by the sustainability rating agency ISS-ESG in a second party opinion.
The Euro 1 billion Green Mortgage Pfandbrief carries a coupon of 0.75 per cent and has a maturity of seven years and nine months. The final spread was set at midswap -1 basis point (versus 6M Euribor) during the bookbuilding process. The issue was supported by a syndicate consisting of DZ BANK, Crédit Agricole, ABN Amro, Bayern LB, NatWest and UniCredit, with DZ BANK and Credit Agricole acting as structuring advisors.