DZ HYP successfully issues ten-year Mortgage Pfandbrief
29.02.2024
- Pfandbrief of €500 million
- Order book volume totals €2.2 billion
- Coupon is 3.125 per cent
DZ HYP took advantage oft he current positive sentiment on the bond market and today issued yesterday, Wednesday, a ten-year Mortgage-Pfandbrief, which was welcomes by investors with strong demand. The €500 million bond carries a coupon of 3.125 per cent. The transaction was accompanied by a banking consortium consisting of Bank of Montreal, BNP Paribas, Commerzbank, DZ BANK, LBBW and Santander.
Following the announcement of the bond the previous day, the marketing process startet with a spread of Midswap plus 41 basis points (vs. 6-month Euribor). Right from the start, the orderbook developed with great dynamism and low spread sensitivity, allowing the price tob e set at Midswap plus 35 basis points (vs. 6-month Euribor). The final orderbook volume totalled €2.2 billion. A total of 100 investors participated in the issue.