Strong demand for DZ HYP’s Public Pfandbrief
16.10.2024
- Issue size of €500 million
- Six-and-a-half-year maturity
- 2.625 per cent coupon
DZ HYP successfully placed its fifth benchmark transaction of the year on Tuesday, 15 October 2024. The €500 million, six-and-a-half-year Public Pfandbrief has a coupon of 2.625 per cent.
Marketing for the Pfandbrief placement began on Monday, 14 October 2024, with the announcement of the issue, which was executed by a syndicate of banks comprising ABN AMRO Bank N.V., Barclays Bank Ireland PLC, DZ BANK AG, Landesbank Baden-Württemberg, NATIXIS and UniCredit Bank GmbH.
The order book was opened on Tuesday morning, with a spread of 37 basis points over mid-swaps (vs. 6-month Euribor). Thanks to the high and consistent investor demand, the book rose to just under two billion euros. The final spread was fixed at 31 basis points over mid-swaps.