Hogan Lovells advises banks on placement of EUR 500 million mortgage covered bonds of Hamburger Sparkasse AG

Led by Frankfurt partner Jochen Seitz Hogan Lovells has advised the joint lead managers Bayerische Landesbank, DekaBank Deutsche Girozentrale, Deutsche Bank AG, Hamburger Sparkasse AG and Unicredit Bank AG on the placement of mortgage EUR 500 million mortgage covered bonds of Hamburger Sparkasse (Haspa).

2020 started with increased activities on the debt issuance market. Hamburger Sparkasse AG was among the issuers. The mortgage bonds issued on February 11, 2020 have a term of eight years and an interest coupon of 0.01 percent. 

As Germany's largest savings bank, Haspa also issues bearer bonds and medium-term notes in addition to mortgage bonds.

Hogan Lovells team for the banks

Dr. Jochen Seitz (Partner), Melissa Bach (Senior Associate), Frank Salzgeber, Dr. Stefan Schrewe (Associates) (all Capital Markets, Frankfurt)


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