These are the details of the selected bond:
- Issuer: Hamburg Commercial Bank AG
- Covered bond rating(s) at launch: Aa3 (Moody's)
- Amount: EUR500m
- Maturity date: 11 September 2029
- Re-offer price: 99.678
- Coupon: 3.375%
- Swap spread: 25bp
- IPTs/initial guidance: 33bp
- Government spread: 49.0bp
- Pricing date: 2 September 2026
- Settlement date: 11 September 2026
- Bookrunners: Barclays, BBVA, Danske, Deutsche, Jefferies, Natixis
- Country: Germany
- ISIN: DE000HCB0CN5
- Collateral type: Ship
- The CBR bond ID: 3482
- Green, social, sustainability description: unlabelled
- Final book: EUR2.5bn (inc. EUR435m JLMs)
- Number of accounts: 67
- Distribution by type: Asset managers 55%, banks 30%, insurance companies/pension funds 11%, official institutions 4%
- Geographical distribution: Nordics 38%, Germany/Austria/Switzerland 35%, UK/Ireland 10%, Middle East/Asia 9%, southern Europe 6%, other 2%
