Press Releases 2017

Münchener Hypothekenbank eG’s most recent Swiss franc denominated Mortgage Pfandbrief set a record in the Swiss capital market.

It marked the first time ever that a foreign covered bond issuer obtained a higher interest rate discount vis-a-vis the Swiss domestic Pfandbrief interest rate curve. The issue was placed at a price 8 basis points below the Swiss franc mid-swap rate.

Münchener Hypothekenbank eG has successfully continued on its course of growth.

During the nine months ending 30 September 2017 the Bank’s interest income rose by 13 percent over the same year-ago period to € 190.3 million (30 September 2016: € 168.5 million). “Thanks to our unbroken favourable new business results we are once again able to strengthen our earnings power as planned”, said Dr. Louis Hagen, the Chairman of the Board of Management of MünchenerHyp commenting on the Bank’s performance as at 30 September 2017.

Münchener Hypothekenbank eG remained on its course of growth in the first half of 2017. .

The cooperative property financer expanded its new business by 19 percent to almost € 2.8 billion (30 June 2016: € 2.3 billion). Unbroken high demand for property financing favourably influenced MünchenerHyp’s earnings. During the first six months of the year the Bank’s interest income rose to € 124.8 million, a gain of 12 percent over the same year-ago figure (30 June 2016: € 111.9 million).

Münchener Hypothekenbank eG has set an end to this year’s summer break while issuing its second Mortgage Pfandbrief in benchmark size.

The issue met a huge investor demand so that the bank had decided to increase the volume to € 750 million. The order book had exceeded € 1 billion in size.

The maturity of the Mortgage Pfandbrief is a long 9 years and has a coupon of 0.625 percent. The bond was priced at midswap minus 13 basis points.

Münchener Hypothekenbank’s Supervisory Board announced today that it has extended the Board of Management contract of Dr. Louis Hagen (59) as Chairman of the Board of Management earlier than scheduled until 2023. .

Dr. Louis Hagen has been a member of MünchenerHyp’s Board of Management since 2009 and was appointed Spokesman for the Münchener Hypothekenbank’s Board of Management in 2010 and then Chairman in 2016. He is responsible for Bank Strategy.

Münchener Hypothekenbank eG’s first benchmark issue in 2016 generated very strong demand among Pfandbrief investors.
The € 500 million Mortgage Pfandbrief has a coupon of 0.625 percent and a term of 10 years. The order book was closed after orders for € 650 million were received.

The Delegates Meeting of Münchener Hypothekenbank eG has elected Josef Hodrus as a new member of the Bank’s Supervisory Board.

Josef Hodrus is a member of the Board of Management of the Volksbank Allgäu-West eG, which he has successfully led since 1998. In addition, he is actively engaged in various bodies of the Cooperative Financial Network and companies of this network. Josef Hodrus is also a member of the Special Committee on Credits of the Baden-Wuerttemberg Cooperatives Association.

Münchener Hypothekenbank eG remained on its path for growth in the 2016 business year.

The property financier further expanded its new business results while strengthening its earning power and level of equity capital. “We are very pleased with the results we achieved in the previous business year. In an increasingly tougher competitive situation we have successfully advanced forward with our innovative financing solutions”, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank Board of Management.

Münchener Hypothekenbank eG has provided underwriting of Deutsche Telekom’s headquarters building in Bonn.

After fully underwriting the loan, MünchenerHyp placed 50 percent of the financing with external investors.

The financed building complex is located in the federal district (Bundesviertel) of Bonn and is fully let to Deutsche Telekom AG. The property has over 81,000 square metres of space and 946 underground parking spaces.

Münchener Hypothekenbank eG has financed the purchase of an office and commercial building located in the central business district of Paris at 69 Boulevard Haussmann.

The financing has a volume of € 64 million. The building was acquired by Encore+, an open-ended fund managed by Aviva Investors with LaSalle Investment serving as the asset manager.

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.