Berlin Hyp issues first benchmark in 2018

Berlin Hyp issues first benchmark in 2018

Published at: 2018-02-21 10:39 | Author: CIJ Europe
Berlin Hyp has issued its first benchmark mortgage pfandbrief this year. The eight-year, €500m bond, with a coupon of 0.75 percent, has been rated Aaa by Moody’s. ABN Amro, Barclays, DZ Bank, LBBW and UniCredit are the syndicated banks assigned by Berlin Hyp. They opened their order books on Monday morning with a spread of mid-swap -15 basis points. By the time the order books closed at midday, orders of around €700m had been generated from more than 40 individual accounts. The majority of subscriptions came from Germany (71 percent), followed by the UK (14 percent) and Asia (5 percent).

Similar Stories:

Two Sides to Mortgages with Negative Interest Rates
At the beginning of August, the announcement of the Danish Jyske Bank, which decided to of  »
Hungary’s trade surplus hits €276m in July
Hungary’s trade surplus grew to €276m in July, a €19m-increase y-o-y. Exports and im  »
Hungarian banking sector reports HUF 322bn in after-tax profits
The Hungarian banking sector reported a record HUF 322bn in after-tax profit during the fi  »
Private equity investment growth up 4.9% in Hungary
Private equity fundraising in the CEE region totaled €1.8bn last year, the highest volum  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »