Commentary & Deal Flow

UniCredit Bank GmbH (HVB), rated Aaa by Moody's, has mandated BayernLB, CIBC Capital Markets, DZ Bank, Erste Group, LBBW, Nykredit, and UniCredit to joint lead manage its upcoming €-denominated Mortgage Covered Bond (Hypothekenpfandbrief) benchmark transaction with a 6yr maturity.

An expected € benchmark Covered Bond 6yr offering will follow, subject to market conditions.

• Target Market: Manufacturer target market (EU MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK DISC disclosure document has been prepared as the Notes are not available to retail in the EEA or the UK.