Deutsche Hypo set to issue green Pfandbrief
Deutsche Hypo has mandated leads to market its inaugural green Pfandbrief, taking the number of German green covered bond issuers to two. But since the bank could be soon bought by the only other green Pfandbrief issuer, the universe might well return to one.
ABN Amro, Crédit Agricole, DZ Bank, NordLB and UniCredit have been appointed to arrange a roadshow that begins on November 6. A green Aa1-rated mortgage-backed green Pfandbrief transaction of at least €500m is expected to follow.
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