MünchenerHyp Receives mtn-i Award for Deal of the Year

Münchener Hypothekenbank eG has received the Deal of the Year Award from mtn-i, a well known international data platform for fixed-income securities.

The jury’s decision was based on a Swiss Franc denominated Mortgage Pfandbrief that was issued by MünchenerHyp in the summer of 2016.

MünchenerHyp was the first German bank to issue a Swiss Franc denominated Pfandbrief since 2010. The 2-year Pfandbrief had a volume of 200 million Swiss Franc and a coupon of 0.01 percent. Commerzbank served as lead manager for the issue.

“MünchenerHyp is increasingly active as a property financer in international markets, which is why bonds denominated in foreign currencies are becoming more and more important for us. The award marks the conclusion of a successful year of new issues and a fine confirmation of our refinancing strategy”, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank Board of Management.  

About 40 percent of the total volume of covered refinancing securities issued by MünchenerHyp in 2016 were denominated in foreign currencies. Switzerland is an important market for MünchenerHyp due to the Bank’s many years of successful collaboration with the Swiss PostFinance.