Yesterday, Deutsche Hypothekenbank has successfully tapped a Mortgage-Pfandbrief in benchmark format, issued in 2015, by 250 million Euros. The Mortgage Pfandbrief now has a volume of 750 million Euros and a coupon rate of 0.125 %. The remaining maturity is about four years.<\/p>\n
The reoffer price was 99.80 %. This equals a spread of minus 18 basis points to mid swap. The cover pool consists of mortgage loans for real-estate clients with properties predominately in Germany, UK, the Netherlands, France, Spain and Poland.<\/p>\n
Shortly after the order book opened, Deutsche Hypo received more than 20 orders with a total amount of over 300 million Euros. Most investors were banks, central banks and asset managers especially from Germany, Switzerland and Asia. The tap was accompanied by a bank syndicate of BayernLB, Commerzbank, Cr\u00e9dit Agricole CIB, DZ Bank and NORD\/LB along with Bankhaus Lampe as Co-Lead.<\/p>\n
\u201cThe current issue proves our great reputation on the capital market. The tap recorded the highest negative yield in our bank\u2019s benchmark issue history. Moreover, the Pfandbrief now has significantly higher market liquidity\u201d, emphasizes Andreas Pohl, Chairman of the Board of Managing Directors of Deutsche Hypo. \u201cOur competitive conditions in the real-estate finance business are based on our successful funding.\u201d<\/p>\n
The Deutsche Hypo is a renowned issuer in the Pfandbrief market. A funding volume of over 4,000 million Euros is planned for 2018. Besides Pfandbriefe, Deutsche Hypo also issues unsecured bearer and registered bonds.<\/p>\n
<\/p>\n
Benchmark issue key figures<\/strong><\/p>\n Issuer:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Deutsche Hypothekenbank (Actien-Gesellschaft)<\/p>\n Format:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mortgage Pfandbrief<\/p>\n ISIN:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DE000DHY4457<\/p>\n Maturity:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20 April 2022<\/p>\n Volume:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR 750 million (original issue EUR 500 million + tap EUR 250 Million<\/p>\n Spread:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mid swap minus 14 basis points (original issue)<\/p>\n mid swap minus 18 basis points (tap)<\/p>\n Coupon:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.125 %<\/p>\n Rating:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Aa1 (Moody\u2019s)<\/p>\n Stock exchange: Hanover<\/p>","protected":false},"excerpt":{"rendered":" Yesterday, Deutsche Hypothekenbank has successfully tapped a Mortgage-Pfandbrief in benchmark […]<\/p>\n","protected":false},"author":34,"featured_media":13104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[61,5],"tags":[],"class_list":["post-11019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","category-news-en"],"acf":[],"yoast_head":"\n