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DZ HYP Mortgage Pfandbrief generates great investor interest

24.04.2024

  • Volume over 500 million euros
  • Maturity of ~8,1 years
  • Coupon is 3.0 per cent

DZ HYP impressively placed its third benchmark issue this year on Tuesday, 23 April 2024. The Mortgage Pfandbrief with a volume of EUR 500 million, a maturity until 31 May 2032 and a coupon of 3.0 per cent met strong investor interest. The issuance was accompanied by a renowned consortium consisting of DZ BANK, Bayern LB, Crédit Agricole, Nordea, Rabobank and Unicredit.

The transaction was announced on Monday afternoon. The order book opened on Tuesday morning with a spread of mid-swap plus 37 basis points (vs. 6-month Euribor) and generated a strong response.

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