DZ HYP places first Jumbo Pfandbrief of 2026

• Mortgage Pfandbrief with a tenor of 10.1 years
• Issue size of €1 billion
• 3.125 per cent coupon

DZ HYP successfully placed a €1 billion Mortgage Pfandbrief issue on the capital markets on Wednesday, 7 January 2026. Investor demand for the benchmark bond, which carries a 3.125 per cent coupon and is due to mature on 28 February 2036, was exceptionally broad.

The transaction was managed by a syndicate comprising Danske Bank, DZ BANK, Erste Group, LBBW, Natixis and Scotiabank.

The order book for the benchmark bond was opened with a spread of mid-swaps plus 35 basis points over 6-month Euribor. Based on an allocable order book volume of €4.15 billion (with 124 individual orders), the final spread was set at mid-swap plus 28 basis points. 

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