These are the details of the selected bond:
- Issuer: DZ Hyp
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P)
- Amount: EUR500m
- Maturity date: 31 August 2034
- Re-offer price: 99.070
- Coupon: 2.75%
- Swap spread: 33bp
- Government spread: 35.5bp
- Pricing date: 14 October 2025
- Settlement date: 21 October 2025
- Bookrunners: Barclays, DZ, NordLB, Rabobank, RBI, TD
- Country: Germany
- ISIN: DE000A4DFKP0
- Collateral type: Mortgage
- The CBR bond ID: 3233
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR1.7bn (inc. EUR225m JLMs) with 73 accounts. Banks 59.4%, asset managers/fund managers 29.4%, central banks 7.0%, insurance companies/pension funds 4.2%. Germany 55.4%, Austria/Switzerland 13.0%, UK/Ireland 12.2%, southern Europe 8.0%, Nordics 5.1%, eastern Europe 3.5%, other western Europe 2.5%.
