These are the details of the selected bond:
- Issuer: Berlin Hyp
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR1,000m
- Maturity date: 5 February 2029
- Re-offer price: 99.745
- Coupon: 2.625%
- Swap spread: 28bp
- Government spread: 40.8bp
- Pricing date: 28 January 2025
- Settlement date: 5 February 2025
- Bookrunners: ABN Amro, Barclays, BayernLB, Commerzbank, Crédit Agricole, DekaBank, DZ, Erste, HSBC, JP Morgan, LBBW, Natixis, Nordea, UBS, UniCredit
- Country: Germany
- ISIN: DE000BHY3ND1
- Collateral type: Mortgage
- The CBR bond ID: 3050
- Green, social, sustainability description: unlabelled
- Notes: Last Berlin Hyp benchmark issuance before integration into LBBW. Simultaneous with EUR500m November 2032 green mortgage Pfandbrief. Final book above EUR3.4bn with 88 accounts. Banks 52%, asset managers 29%, central banks/official institutions 15%, insurance companies 4%. Germany 39%, Nordics 24%, southern Europe 13%, Austria/Switzerland 13%, UK/Ireland 8%, Benelux 2%, other 1%.