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Berlin Hyp issues fourth mortgage Pfandbrief in 2022
19 October 2022
At 9.25 a.m., the first book update took place. At that time, orders worth over € 1 billion were in the books. By the time of book closing at 10:45 a.m., orders had accumulated to around € 1.65 billion, allowing the final reoffer spread to be fixed at mid-swap -2 basis points.
A total of 45 investors participated in the Pfandbrief. At 73%, the majority of the bond was placed in Germany. Outside Germany, in particular investors from the UK showed interest with 10%. Banks were the largest investor group with 72%, followed by central banks and official institutions (18%) and funds (10%). Savings banks and affiliated companies accounted for 41% of the issue.
"We are very pleased that we were able to successfully place our mortgage Pfandbrief on the capital market despite the current volatile market environment. We see this as a strong vote of confidence in Berlin Hyp and in the Pfandbrief product," says Maria Teresa Dreo-Tempsch, who is responsible for capital market business on the Board of Management of Berlin Hyp.
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