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DZ HYP. Because we can.

DZ HYP's Green Mortgage Pfandbrief several times oversubscribed


  •  Volume of 500 million euros
  • Term 4.2 years, coupon is 3.125 per cent
  • Over 100 investors involved

DZ HYP successfully placed its fourth benchmark issue this year on Tuesday, 2 July 2024. The Green Mortgage Pfandbrief with a volume of 500 million euros, a term until 20 September 2028 and a coupon of 3.125 percent met with extremely strong demand. The issue was supported by a syndicate consisting of DekaBank, DZ BANK, Erste Group, NatWest, NORD/LB and Société Générale.

Following the announcement of the issue on Monday morning, the order book opened at around nine o'clock on Tuesday with a spread of mid-swap plus 26 basis points (vs. 6-month Euribor). The strong interest shown by investors was reflected in the steady and rapid growth of the order book volume, which peaked at 2.45 billion euros. Due to the more than fourfold oversubscription, the final spread was set at mid-swap plus 20 basis points (vs. 6-month Euribor). The allocable order book totalled 2.3 billion euros and was carried by 102 investors.

Continue to the full press release