Deutsche Hypo has announced the issue of a €500 mln five-year mortgage Pfandbrief bond in its largest debt issuance so far this year.
Deutsche Hypo has announced the issue of a €500 mln five-year mortgage Pfandbrief bond in its largest debt issuance so far this year.
The Pfandbrief has a coupon of 0.625% and the issue price was 99.917%.
Deutsche Hypo said it received over 70 orders totalling €1.4 bn in the first half hour after opening the order book.
Deka Bank, DZ Bank, HSBC, NORD / LB and UniCredit have advised on the operation.
'Despite historically low yields and a not so simple geopolitical context, the issue met with a very strong demand and generated a very granular order book,' the bank said in a statement.
Duetsche Hypo issued over €3.3 bn of mortgage bonds in 2013 and is planning a similar amount for this year.