Commentary & Deal Flow

Hypo Tirol Bank AG (ticker: "LANTIR"), has mandated Danske Bank, Erste Group, Helaba and NORD/LB as Joint Bookrunners for a new 7y €300m (no-grow) soft-bullet fixed-rate Mortgage Covered Bond (Hypothekenpfandbrief).

The transaction will be launched in the near future, subject to market conditions.

• Expected Rating: Aaa (Moody’s)
• Format: Reg S Bearer
• Label: European Covered Bond (Premium)
• Manufacturer target market (MiFID II product governance): eligible counterparties and professional clients only (all distribution channels).
• PRIIPs: No EU or UK PRIIPs key information document (KID) has been prepared.