DZ Hyp among four covered bonds planned for Tuesday
DZ Hyp has announced plans to issue a €750m four year mortgage Pfandbrief which will compete for investors’ attention alongside other sub-benchmark Pfandbriefe from DekaBank and Overbank. A fourth issuer is also expected to announce a benchmark covered bond in euros, with execution likely before lunchtime on Tuesday.
DZ Hyp has mandated DZ Bank, Erste Group, ING, LBBW, TD Securities and UniCredit for a €750m four year Hypothekenpfandbrief, or German mortgage covered bond, expected to be rated AAA with Standard and Poor’s.The deal, which was announced on Monday, ...
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