Today, Deutsche Hypo successfully placed a benchmark mortgage Pfandbrief with a volume of EUR 625 million. The bond was primarily issued to institutional investors in Europe and Asia. The order book of approximately EUR 750 million was oversubscribed by a factor of 1.2.<\/p>\n
The Pfandbrief has a ten-year term and a coupon of 0.75%. At the issue price of 99.827 %, the yield is 0.768 %, which corresponds to a premium of 12 basis points to mid-swap. Overall, the order book is very granular \u2013 more than 50 orders were received from investors, mainly from Germany, Belgium, Denmark, France, Great Britain, Italy, Luxembourg, the Netherlands, Norway, Austria and Switzerland. In addition, orders were received from China and South Korea. Asset managers, banks, savings banks, insurance companies and central banks are represented in the order book. In the order book, more than ten new investors with considerable order volumes were active. The issue was accompanied by a consortium of banks comprising DZ Bank, Helaba, Natixis, NORD\/LB and UniCredit.<\/p>\n
“This is the first time in several years, that we have been placing a benchmark Pfandbrief with a ten-year maturity,” emphasises Sabine Barthauer, Member of the Board of Managing Directors of Deutsche Hypo. “We are pleased to have acquired funds for our long-term commercial real estate financing business and to have extended our benchmark curve. The high demand for the issue also confirms our good reputation in the market.”<\/p>\n
Deutsche Hypo is a renowned issuer on the Pfandbrief market. In addition to Pfandbriefe, it also issues unsecured bearer and registered bonds.<\/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 WKN:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DE000DHY5025<\/p>\n Maturity:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05 March 2029<\/p>\n Volume:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR 625 million<\/p>\n Spread:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mid swap plus 12 basis points<\/p>\n Coupon:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.75 %<\/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":" Today, Deutsche Hypo successfully placed a benchmark mortgage Pfandbrief with […]<\/p>\n","protected":false},"author":34,"featured_media":0,"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":[5],"tags":[],"class_list":["post-19252","post","type-post","status-publish","format-standard","hentry","category-news-en"],"acf":[],"yoast_head":"\n