These are the details of the selected bond:
- Issuer: Hamburger Sparkasse AG
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR500m
- Maturity date: 10 February 2026
- Re-offer price: 99.769
- Coupon: 2.875%
- Swap spread: 20bp
- Government spread: 26.6bp
- Pricing date: 3 February 2026
- Settlement date: 3 February 2026
- Bookrunners: Commerzbank, Credit Agricole, Danske, DekaBank, Erste
- Country: Germany
- ISIN: DE000A460FN8
- Collateral type: Mortgage
- The CBR bond ID: 3298
- Green, social, sustainability description: Green
- Notes: Final book above EUR1.75bn (inc. EUR250m JLMs).
