Wüstenrot: Placement of €500M Mortgage Pfandbrief Successfully Completed
Deal News | Jun 26, 2025 | Hogan Lovells
Hogan Lovells has advised several banks, including ABN AMRO Bank N.V., Commerzbank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Erste Group Bank AG, Landesbank Hessen-Thringen Girozentrale, and Norddeutsche Landesbank - Girozentrale - on the placement of a €500 million Mortgage Pfandbrief for Wüstenrot Bausparkasse Aktiengesellschaft. The issuance, led by the Frankfurt capital markets team at Hogan Lovells, was successfully placed and is set to mature in seven years with an interest rate of 2.75%. The note was admitted to trading on the Stuttgart Stock Exchange's regulated market. Hogan Lovells has a history of advising Wüstenrot on similar transactions.
Sectors
- Financial Services
- Legal Advisory
Geography
- Germany – The transaction involves German institutions such as Wüstenrot Bausparkasse Aktiengesellschaft and banks based in Frankfurt, with the Pfandbrief admitted to trading on the Baden-Württemberg Stock Exchange in Stuttgart.
Industry
- Financial Services – The article involves the placement of a financial instrument (Mortgage Pfandbrief) by banks, which is a key part of the financial services industry.
- Legal Advisory – Hogan Lovells, a legal advisory firm, played a crucial role in advising the banks on the transaction, showcasing the legal industry's involvement in financial market transactions.
Financials
- EUR 500 million – The issuance volume of the Mortgage Pfandbrief placed by Wüstenrot.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wüstenrot Bausparkasse Aktiengesellschaft | Target | Company | Issuing entity of the €500 million Mortgage Pfandbrief. |
| ABN AMRO Bank N.V. | Bank | Company | One of the banks advised by Hogan Lovells on the placement of the Mortgage Pfandbrief. |
| Commerzbank Aktiengesellschaft | Bank | Company | Advising bank in the placement of the Mortgage Pfandbrief. |
| DZ BANK AG Deutsche Zentral-Genossenschaftsbank | Lead Manager | Company | Lead managing bank for the placement of the Mortgage Pfandbrief. |
| Erste Group Bank AG | Bank | Company | Participating bank in the transaction. |
| Landesbank Hessen-Thringen Girozentrale | Bank | Company | Participating bank in the transaction. |
| Norddeutsche Landesbank - Girozentrale | Bank | Company | Participating bank in the transaction. |
| Hogan Lovells | Legal Advisor | Company | Advised the banks on the placement of the Mortgage Pfandbrief. |
| Dr. Jochen Seitz | Partner | Person | Lead partner at Hogan Lovells for this transaction. |
| Dr. Stefan Schrewe | Counsel | Person | Counsel at Hogan Lovells involved in the transaction. |
| Anna Hersener | Associate | Person | Associate at Hogan Lovells involved in the transaction. |