UniCredit Bank AG (HypoVereinsbank) placed a 6-year Mortgage Pfandbrief benchmark. The issue was extremely well-accepted by the investors and the lead managers placed a volume of € 500 million. The joint-lead managers of this issue were BayernLB, Credit Agricole, DZ BANK, NordLB and UniCredit.
The new Mortgage Pfandbrief carries an annual coupon of 0.125 % and has a term of 6 years. The issue price was set at 99.583 %, which resulting in a re-offer spread of 14 basis points below the mid-market swap rate. The value date for the issue is 09 April 2015 and maturity is 09 April 2021. Mortgage Pfandbriefe issued by UniCredit Bank AG are awarded the high rating of Aa1 by Moody's and AAA by Fitch.
HypoVereinsbank is part of one of Europe’s largest banking groups, UniCredit. With approximately 18,000 employees and about 800 branch offices, it is one of the largest financial institutions in Germany. It is responsible for all of UniCredit's business in Germany, while at the same time functioning as the competence centre for international investment banking for the whole Group.
HypoVereinsbank combines its deep and long-standing regional roots with a Groupwide network of banks in 18 countries across central and eastern Europe and central Asia in a way no other German bank does. In total, HypoVereinsbank is represented in around 50 countries worldwide via UniCredit. HypoVereinsbank sees itself as a corporate citizen going beyond the banking business and cultivates a social commitment in the regions in which it operates.