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: 30 May 2036
- Re-offer price: 99.541
- Coupon: 3.25%
- Swap spread: 30bp
- IPTs/initial guidance: 36bp
- Government spread: 29.7bp
- Pricing date: 2 June 2026
- Settlement date: 9 June 2026
- Bookrunners: Barclays, BMO, Commerzbank, DZ, ING, Nordea, NordLB
- Country: Germany
- ISIN: DE000A4DFKT2
- Collateral type: Mortgage
- The CBR bond ID: 3409
- Green, social, sustainability description: Green
- Misc: Dark green investors allocated 13%
- Final book: EUR3.4bn (inc. EUR350m JLMs)
- Number of accounts: 130
- Distribution by type: Banks 54.0%, asset managers/fund managers 21.3%, central banks/official institutions 17.3%, insurance companies/pension funds 6.0%, hedge funds/brokers 1.4%
- Geographical distribution: Germany 53.7%, southern Europe 11.1%, Nordics 9.4%, UK/Ireland 7.1%, Austria/Switzerland 6.4%, Benelux 6.1%, eastern Europe 3.6%, Asia 1.9%, France 0.7%
