Global law firm Hogan Lovells Cadwalader has advised a syndicate of banks consisting of Commerzbank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (as lead manager), and Norddeutsche Landesbank – Girozentrale – on the first placement of a Mortgage Pfandbrief of Evangelische Bank eG with an issuance volume of EUR 250 million, under a newly established issuance programme.
The Mortgage Pfandbrief with a term of 6 years and a coupon of 3.750 per cent was successfully placed on 13 October 2026 and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange. The related base prospectus for the issuance of Mortgage Pfandbriefe under a programme with an aggregate principal amount of up to EUR 1 billion had previously been approved by the Luxembourg Stock Exchange in July 2026.
Evangelische Bank eG is a financial partner specializing in the church, healthcare, and social economy sectors. In its core business, it finances projects in the areas of health, elderly care, youth and disability services, education, affordable housing, as well as private residential construction. It has operated as a Pfandbrief bank since 2022. Through the issuance of Mortgage Pfandbriefe, Evangelische Bank eG aims to strengthen its funding base and further expand its Pfandbrief business in a targeted manner.
Hogan Lovells Cadwalader advised the banks on all debt capital markets questions of the placement. The team was led by partner Dr. Jochen Seitz with additional support from partner Prof. Dr. Michael Schlitt, of counsel Dr. Susanne Ries, counsel Dr. Stefan Wollmert-Schrewe and associates Anna Hersener and Melissa Mohr.
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