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DZ HYP issues green dual tranche of 1 billion euros


On Monday, 9 January 2023, DZ HYP successfully issued two green benchmark bonds on the market as part of a dual tranche. The proceeds raised will be used to finance sustainable real estate in Germany in a targeted manner. With this transaction, DZ HYP continues its path towards becoming a permanent issuer of sustainable bonds.

The transaction was supported by a syndicate consisting of Crédit Agricole, Danske Bank, DZ BANK, Intesa Sanpaolo, Nord LB and UniCredit. 

Following the announcement of the transaction last Friday, the order book was opened on Monday morning with a spread for the three-year tranche of +1 basis point and +16 basis points for the ten year over mid swap. Thanks to very strong and steady investor demand, the combined books grew to over 5.3 billion euros. The final spreads were set at -4 basis points for three years and +13 basis points for ten years due to the oversubscription of both tranches. Both bonds carry a coupon of 3 per cent.

Continue to the full press release