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Dr. Phil Zundel

Head of Board of Management Staff | Organisation | Human Resources

Phone: +49 89 5387 - 319

Dr. Benno-Eide Siebs

Press Officer

Phone: +49 89 5387 - 314

Press Releases

MünchenerHyp becomes Climate Bonds Initiative partner

26.03.2015 - Münchener Hypothekenbank eG is strengthening its commitment to sustainable capital investments by becoming a Climate Bonds Initiative partner.

“The market for sustainable Pfandbriefe and other covered bonds has tremendous potential. The Climate Bonds Initiative has contributed a great deal towards the development of this market and bolstering awareness for sustainable capital investments. Working together we aim to further advance development“, said Rafael Scholz, Head of Treasury at MünchenerHyp. Last year MünchenerHyp issued the world’s first sustainable Mortgage Pfandbrief (ESG Pfandbrief).

Sean Kidney, CEO of the Climate Bonds Initiative, stated that “MünchenerHyp showed that economic objectives can go hand-in-hand with a commitment to the concept of sustainability. The partnership with the Climate Bonds Initiative sends an important signal for the further development of the market for green and sustainable bonds.”

The Climate Bonds Initiative is a non-profit organisation focused on strengthening awareness for the importance of green bonds in the international capital markets and advocates the development of trustworthy standards for this investment class.

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Enthusiastic Demand Seen for MünchenerHyp’s Benchmark Mortgage Pfandbrief

10.03.2015 - Münchener Hypothekenbank eG’s first benchmark issue of the year met with enthusiastic investor demand.

The issue with a volume of € 750 million was oversubscribed by almost three times as orders for € 2 billion were received within a short period. The Mortgage Pfandbrief has a term of 10 years and achieved a price of 14 basis points below the mid-swap rate – this is the highest discount for risk ever in this maturity segment. The Pfandbrief carries a coupon of 0.5 percent.

“The unusually strong investor interest for this issue shows that safety and quality, above all else, are in demand in the current interest rate environment. And these are the characteristics that distinguish MünchenerHyp’s Pfandbriefe“, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management.

The investor group was broadly diversified as 70 orders from 16 countries were received. As expected, German investors represented the vast majority of incoming orders and accounted for 70 percent of the issue’s volume. Buyers were primarily banks as they subscribed to about half of the issue’s volume followed by central banks (32.9 percent), investment funds and insurance companies (18.5 percent).

The transaction was accompanied by Crédit Agricole, DZ BANK, HSBC and LBBW. The rating agency Moody’s has given its highest rating of Aaa to MünchenerHyp’s Mortgage Pfandbriefe.

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MünchenerHyp honoured twice: best covered bond issuer, and most innovative issuer award for its sustainable Mortgage Pfandbrief issue

19.02.2015 - Münchener Hypothekenbank eG has been honoured for setting new standards in the covered bond market in 2014. This was reflected by the results of an international survey conducted by the Capital Market Data Network (CMDportal) among more than 18,000 institutional investors, issuers and bond dealers who elected MünchenerHyp as the Best Covered Bond Issuer and Most Innovative Green Bond Issuer.
The Bank received the 2015 CMDportal Awards.

MünchenerHyp was honoured as the Best Covered Bond Issuer for its strong presence and continuous issuing activities in the Pfandbrief market. The Bank also received an award for issuing the world’s first sustainable Mortgage Pfandbrief (ESG Pfandbrief). The cover pool for this Pfandbrief consists solely of collateral based on sustainable ecological, social and governance criteria, which was confirmed in a second party opinion provided by oekom research, a sustainability rating agency. The sustainable Mortgage Pfandbrief met with very high investor interest. This was particularly true among a new group of investors for the Bank who are focused on sustainable capital investments.

“We are pleased to have received these awards. They are evidence of the high regard market participants have of our issuance policy and our innovative approach. They will spur us on to continue advancing, and especially to launch further sustainable Pfandbrief issues”, said Dr. Louis Hagen, Spokesman for the Münchener Hypothekenbank’s Board of Management. 

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MünchenerHyp Financing Square 41 in Frankfurt Banking District

22.01.2015 - Münchener Hypothekenbank eG announced today that it has provided € 20.7 million of financing for the purchase of Square 41, an office building in Frankfurt am Main.

The property was purchased by an open-ended property fund managed by Amundi Real Estate (RE), which was formed from the merger of the real-estate investment management operations of Crédit Agricole and Société Générale.

The office building is fully rented and was extensively modernised over the past two years. Square 41 offers more than 7,000 square meters of office space and is located in the centre of Frankfurt’s banking district directly adjacent to high-rise buildings housing major German banks.

This open-ended property fund was founded in 2011 and is mainly oriented towards retail investors. The value of the fund has developed very favourably since it was established and its investment focus is on properties in France, Germany and Great Britain. Square 41 is the second property MünchenerHyp has financed for the fund.

“We are pleased to partner this financing deal which allows us to strengthen our relationship with Amundi RE and once again enables them to acquire a very attractive property”, said Bernhard Heinlein, member of Münchener Hypothekenbank’s Board of Management.

About Amundi Real Estate:

Amundi Real Estate was formed from the merger of the real-estate investment management operations of Crédit Agricole and Société Générale. With € 7.7 billion (at 31.12.2013) under management, the entity develops, structures and manages real estate funds with operations in France, UK, Germany, Italy, and Luxembourg. More information is at www.amundi-immobilier.com.

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Münchener Hypothekenbank Terminates Silent Participation with Isar Capital

20.11.2014 - Münchener Hypothekenbank eG has given legal notice that it will terminate its silent participation with Isar Capital Funding I LP effective December 31, 2014. The silent participation has a value of € 100 million and will be repaid as contractually agreed on June 30, 2015. Furthermore, a bond issued by Isar Capital Funding I LP (ISIN DE000A1APTA4) will also be repaid on the same date.

Pursuant to the terms of the Capital Requirements Regulation (CRR), the silent participation of Isar Capital Funding I LP will only be recognised as additional core capital for a transitional period. In view of these facts, MünchenerHyp timely terminated its participation agreement with Isar Capital Funding I LP today.

MünchenerHyp increased its common equity Tier 1 capital by € 415 million this year as it had to meet the higher equity capital requirements set by the European Central bank (ECB) as of the beginning of this month. On September 30, 2014 the Bank’s total capital ratio was 19.7 percent, while its core capital ratio was 15.6 percent and its common equity Tier 1 capital ratio stood at 12.3 percent.

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