DZ HYP Jumbo Mortgage Pfandbrief placed in challenging market environment

• Mortgage Pfandbrief with term of 5.4 years 
• Issue size of €1 billion
• 3.125 per cent coupon

On Tuesday, 7 April 2026, DZ HYP took advantage of an issuance window in a challenging market environment to successfully place a €1 billion Jumbo Mortgage Pfandbrief. The benchmark bond carries a 3.125 per cent coupon and is due to mature on 29 August 2031.

The transaction was managed by a syndicate comprising ABN AMRO, BayernLB, CIBC Capital Markets, DZ BANK, UBS Investment Bank and UniCredit.

The order book for the benchmark issue was opened with a spread of mid-swaps plus 28 basis points over 6-month Euribor. Based on an allocable order book volume of €2.0 billion consisting of 85 individual orders, the final spread was set at mid-swaps plus 24 basis points.
 

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