These are the details of the selected bond:
- Issuer: Berlin Hyp
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 19 November 2032
- Re-offer price: 99.234
- Coupon: 2.750%
- Swap spread: 39bp
- Government spread: 45.9bp
- Pricing date: 28 January 2025
- Settlement date: 5 February 2025
- Bookrunners: ABN Amro, Barclays, BayernLB, Commerzbank, Credit Agricole, DekaBank, DZ, Erste, HSBC, JP Morgan, LBBW, Natixis, Nordea, UBS, UniCredit
- Country: Germany
- ISIN: DE000BHY4US2
- Collateral type: Mortgage
- The CBR bond ID: 3051
- Green, social, sustainability description: Green
- Notes: Last Berlin Hyp benchmark issuance before integration into LBBW. Simultaneous with EUR1bn February 2029 mortgage Pfandbrief. Book above EUR2.4bn. Banks 58%, asset managers 31%, insurance companies 6%, central banks/official institutions 5%. Germany 59%, southern Europe 11%, Nordics 10%, Austria/Switzerland 9%, Benelux 6%, UK/Ireland 2%, France 2%, other 1%.