Unsecured Issues

We issue unsecured paper to refinance our business activities that do not require a pool of coverage. These securities are:

• Bearer bonds
• Promissory notes

We offer these securities as private placements, structured bonds, or as fixed or variable interest rate securities – and, upon request, in various currencies. The maturities of the individual unsecured issues are tailor-made depending on the wishes and requirements of our investors.

Our unsecured promissory notes and loans are rated A2 by Moody’s, making the Münchener Hypothekenbank an attractive partner for safety-oriented investors.

Currently MünchenerHyp does not have any liquid unsecured issues in circulation with a minimum volume of EUR 1 billion due to a limited demand for unsecured refinancing paper, and our ability to tap short-term refinancing sources.