MuHyp mandates to push for longest covered bond so far

German Property
By Bill Thornhill
14 Jan 2021

Muenchener Hypothekenbank (MuHyp) has mandated joint leads for a 20 year Pfandbrief, the longest covered bond so far this year.

MuHyp mandated Credit Suisse, DZ Bank, Helaba, LBBW and UBS for a €500m no-grow 20 year mortgage Pfandbrief on Thursday. The deal will be rated Aaa by Moody's and is expected to be launched in the near future.

The issuer’s outstanding €500m ...

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