These are the details of the selected bond:
- Issuer: DZ Hyp
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P)
- Amount: EUR1,000m
- Maturity date: 31 May 2035
- Re-offer price: 99.868
- Coupon: 3.00%
- Swap spread: 46bp
- Government spread: 40.8bp
- Pricing date: 24 June 2025
- Settlement date: 1 July 2025
- Bookrunners: ABN Amro, BayernLB, BMO, Commerzbank, DZ, SG
- Country: Germany
- ISIN: DE000A3825T4
- Collateral type: Mortgage
- The CBR bond ID: 3172
- Green, social, sustainability description: unlabelled
- Notes: Final book EUR2.375bn (inc. EUR185m JLMs) with 89 accounts. Banks 54%, asset managers/fund managers 28%, central banks/official institutions 13%, insurance companies/pension funds 4%, hedge funds/brokers 1%. Germany/Austria/Switzerland 66%, Netherlands/Luxembourg 11%, Nordics 6%, UK/Ireland 5%, CEE 4%, France 3%, southern Europe 3%, other 2%.
