Deutsche Pfandbriefbank AG’s EUR 750 Million Mortgage Covered Bonds


Hogan Lovells has advised the joint lead managers Commerzbank AG, Credit Agricole CIB, Danske Bank A / S, DekaBank, DZ BANK and Bankhaus Lampe KG as co-managers on the placement of mortgage bonds of the Deutsche Pfandbriefbank AG.

2020 started with increased activities on the debt issuance market. Deutsche Pfandbriefbank AG was among the issuers which have placed bonds during the time. The mortgage covered bonds in the form of Mortgage Pfandbriefe issued on 17 January 2020 have a nominal value of EUR 750 million, a term of eight years and an interest coupon of 0.100 percent. Mortgage Pfandbriefe are the main refinancing instrument of Deutsche Pfandbriefbank AG, which is one of the largest issuers of mortgage covered bonds in Europe. As a specialized bank for real estate and public investment finance, Deutsche Pfandbriefbank AG issues Mortgage Pfandbriefe and Public Pfandbriefe on a regular basis.

Hogan Lovells team for the banks included Dr. Jochen Seitz (Picture), Dr. Stefan Schrewe (Associate), Nina Fischer (Business Lawyer) (all Capital Markets).

Involved fees earner: Nina Fischer – Hogan Lovells; Stefan Schrewe – Hogan Lovells; Jochen Seitz – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Bankhaus Lampe; Commerzbank AG; Crédit Agricole Corporate and Investment Bank; Danske Bank; DekaBank; DZ BANK AG;