DZ HYP’s Mortgage Pfandbrief once again impresses investors

• Bond issue with a term of 8.9 years
• Issue size of €500 million
• 2.75 per cent coupon

DZ HYP took advantage of the current positive sentiment on the bond market and successfully placed a €500 million Mortgage Pfandbrief on Tuesday 14 October 2025. This year’s sixth benchmark issue bears a coupon of 2.75 per cent and matures on 31 August 2034. The transaction was supported by a banking syndicate consisting of Barclays, DZ BANK, NORD/LB, Rabobank, Raiffeisen Bank International and TD Securities. The nearly nine-year bond was subscribed by a broadly diversified investor base. 

Marketing began the previous day with the public announcement of the issue. The order book was opened on Tuesday morning, with an initial indication of mid-swaps plus 38 basis points (vs. 6-month Euribor). Following a dynamic start, the number of investors continued to increase steadily, allowing the final spread to be fixed at plus 33 basis points. 

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