Yesterday Deutsche Hypo successfully issued its second benchmark mortgage Pfandbrief in 2019. The \u20ac 500 million bond has a term of three years and a coupon of 0.01 %. With an issue price of 101.642 %, the yield is -0.531 %, which corresponds to a premium of +2 basis points to mid-swap.<\/p>\n
After the order book was opened at 9:00 a.m., the orders quickly reached the target of \u20ac 500 million. When the books were closed, the issue was oversubscribed by a factor of around 1.6 with a total volume of just under \u20ac 800 million. Banks, asset managers, central banks and pension funds were represented in the order book. A total of more than 30 orders were received, including new investors. Both remarkably large tickets were submitted as well as smaller orders – overall a good granularity was observed. The bond was primarily issued to institutional investors in Germany, Austria, Great Britain, Scandinavia, BeNeLux and Italy as well as Asia and the Middle East. The benchmark issue was accompanied by a consortium of banks comprising ABN AMRO, Commerzbank, DZ Bank, NatWest Markets and NORD\/LB.<\/p>\n
“The capital markets are currently very challenging for all market players in this negative yield environment”, emphasises Sabine Barthauer, Member of the Board of Managing Directors of Deutsche Hypo. “We are all the more pleased that there was such strong demand for this short-term issue. In addition, the high oversubscription once again 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
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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 DE000DHY5066<\/p>\n Maturity:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12 September 2022<\/p>\n Volume:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR 500 million<\/p>\n Spread:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mid swap plus 2 basis points<\/p>\n Coupon:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.01 %<\/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>\n <\/p>","protected":false},"excerpt":{"rendered":" Yesterday Deutsche Hypo successfully issued its second benchmark mortgage Pfandbrief […]<\/p>\n","protected":false},"author":34,"featured_media":12465,"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-20309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"acf":[],"yoast_head":"\n