By Laura Contemori – ROME (Econostream) – German mortgage lender Münchener Hypothekenbank on Tuesday priced a CHF170 million green covered bond due August 27, 2035.

The bond was reoffered at a price of 100.236 to yield 0.9725%. It carried a 1% fixed annual coupon and was priced at 33bp over SARON mid-swaps.

The bond is expected to be rated Aaa by Moody’s. The agency rates Münchener Hypothekenbank’s deposits and senior unsecured debt Aa2 with a stable outlook.

Deutsche Bank and UBS acted as lead managers.