Commentary & Deal Flow

ING-DiBa AG, rated Aaa by Moody's, has mandated BayernLB, Credit Agricole CIB, Helaba, HSBC, ING (B&D), Nordea and UniCredit as Joint Bookrunners for its upcoming Green EUR-denominated 5-year benchmark Hypothekenpfandbrief backed by 100% prime residential German mortgage loans.

An expected € benchmark Green Covered Bond 5yr offering will follow in the near future, subject to market conditions.

• Label: European covered bond premium
• Stabilisation: FCA/ICMA stabilisation
• Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA and UK.