Information on the use of cookies on the vdp website

The Association of German Pfandbrief Banks uses the Matomo software for anonymized web analysis. The data are used to optimize the website. Further information can be found in our data protection declaration.

Primary sales Eur benchmark Pfandbriefe

The liquid Pfandbrief segment performed comparatively well in the course of 2021. After a rather quiet first half of the year with a volume of € 8 billion in the primary market, activity has picked up noticeably since the end of June. By mid-November, at € 17.5 billion, the full-year result for 2020 has almost been reached (€ 18.8 billion). In 2019, the last full year before the outbreak of the pandemic, benchmark Pfandbriefe with a volume of € 26 billion came to the market. For Eur covered bond benchmarks as a whole, analysts expect a volume of around € 120 billion in 2022 following a double-digit result in the current year. This compares with maturities of € 137 billion. What is your estimate of the volume of Eur benchmark Pfandbriefe in 2022?

Primary market issuance in the liquid Pfandbrief segment in 2022 will be

19 Participants

  • 11

    15-18 billion €.

  • 37

    18-21 billion €.

  • 21

    21-24 billion €.

  • 32

    24-27 billion €.