Strong Interest in Oldenburgische Landesbank's New Mortgage Covered Bond

Oldenburgische Landesbank AG (OLB) has successfully placed a new benchmark mortgage covered bond worth EUR 500 million. The ten-year bond, issued on 4 June 2025, attracted significant interest from around 70 institutional investors, resulting in three times oversubscription. This issuance marks another success in OLB's consistent capital market presence despite a competitive environment.

The bond, rated "Aaa" by Moody's, was released with a coupon of 3.00% and primarily attracted banks, asset managers, and insurance companies from Germany, France, and Austria. Banks including Danske Bank and Deutsche Bank were joint lead managers for this transaction.

OLB aims to broaden its investor base, a move aligned with its strategic growth. CFO Dr Rainer Polster emphasizes the importance of sustainable refinancing for dynamic growth. This issuance is OLB's fourth covered bond since 2021, reaffirming its commitment to regular market engagement.