These are the details of the selected bond:
- Issuer: Aareal Bank AG
- Covered bond rating(s) at launch: Aaa (Moody's)
- Amount: EUR625m
- Maturity date: 28 May 2032
- Re-offer price: 99.459
- Coupon: 3.250%
- Swap spread: 33bp
- Government spread: 47.1bp
- Pricing date: 20 May 2026
- Settlement date: 28 May 2026
- Bookrunners: Barclays, Credit Agricole, Deutsche, DZ, Helaba, LBBW, SG
- Country: Germany
- ISIN: DE000AAR0496
- Collateral type: Mortgage
- The CBR bond ID: 3399
- Green, social, sustainability description: Green
- Notes: Inaugural green mortgage Pfandbrief. Final book EUR1.75bn with over 70 accounts. Banks 43%, asset/fund managers 30%, central banks/official institutions 21%, insurance companies/pension funds 4%, hedge funds 2%.
