DZ HYP Mortgage Pfandbrief generates great investor interest
24.04.2024
- Volume over 500 million euros
- Maturity of ~8,1 years
- Coupon is 3.0 per cent
DZ HYP impressively placed its third benchmark issue this year on Tuesday, 23 April 2024. The Mortgage Pfandbrief with a volume of EUR 500 million, a maturity until 31 May 2032 and a coupon of 3.0 per cent met strong investor interest. The issuance was accompanied by a renowned consortium consisting of DZ BANK, Bayern LB, Crédit Agricole, Nordea, Rabobank and Unicredit.
The transaction was announced on Monday afternoon. The order book opened on Tuesday morning with a spread of mid-swap plus 37 basis points (vs. 6-month Euribor) and generated a strong response.