Yesterday, Deutsche Hypothekenbank successfully issued its first benchmark Mortgage Pfandbrief in 2017, having a term of eight years. The issue has a volume of EUR 500 million, with a coupon of 0.375 percent. The issue price of 99.639 percent corresponds to a yield of 0.421 percent (minus ten basis points to mid swap). So, this bond has a new issue premium of approx.. three basis points compared to outstanding bonds. Deutsche Hypo was supported by the joint leads Deutsche Bank, DZ Bank, HSBC, NORD\/LB and UniCredit as well as Bankhaus Lampe as co-lead.<\/p>\n
Within just two hours, 20 orders have been received. Central banks and public institutions were the most important investors, followed by banks and asset managers. From a regional point of view, the majority of the orders came from Germany.<\/p>\n
\u201cThe successful issuance of our first benchmark transaction in 2017 underlines our good capital market reputation\u201d, said Andreas Pohl, CEO of Deutsche Hypo. \u201cOur investors value us as a reliable partner \u2013 this has also been reflected in yesterday\u2019s pricing. We have been given a high appreciation by the investors regarding the price determination of the bond: When the order book was opened, the so-called spread guidance at minus nine basis points to mid swap was found to be appropriate. Thus the final spread indicated by the order book could be fixed at minus ten basis points to mid swap \u2013 at a level that we had expected\u201d, Pohl explained. \u201cWe will use the funding to further strengthen our market presence in commercial real estate financing.\u201d<\/p>\n
Deutsche Hypo looks back on nearly 145 years of experience in the capital markets and is one of the oldest and most prestigious Pfandbrief banks in Germany. 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 \u00a0<\/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 <\/p>\n Format:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Hypotheken-Pfandbrief<\/p>\n <\/p>\n WKN:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DHY486<\/p>\n <\/p>\n Maturity:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 20 June 2025<\/p>\n <\/p>\n Volume:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR 500 million<\/p>\n <\/p>\n Spread:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 mid swap minus ten basic points<\/p>\n <\/p>\n Coupon:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0,375%<\/p>\n <\/p>\n Rating:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Aa1 (Moody\u2019s)<\/p>\n <\/p>\n Stock exchange: Hanover<\/p>","protected":false},"excerpt":{"rendered":" Yesterday, Deutsche Hypothekenbank successfully issued its first benchmark Mortgage Pfandbrief […]<\/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":[65,5],"tags":[],"class_list":["post-9540","post","type-post","status-publish","format-standard","hentry","category-capital-market","category-news-en"],"acf":[],"yoast_head":"\n