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Berlin Hyp plans to issue new bond backed by green real estate
By Lisa Kerner
Charlotte, N.C., April 17 – Berlin Hyp announced a new mortgage-backed bond, the “Green Pfandbrief,” and outlined its benefits in a roadshow presentation.
Mortgaged real estate backing the bond must either have a Green Building Certificate or have been certified for energy efficiency by internationally recognized certification bodies, according to Berlin Hyp.
Berlin Hyp said an amount equivalent to the proceeds shall be used for refinancing existing commercial green building financing and for future financing of new green buildings during the term of the bond.
oekom research AG issued an overall positive assessment for the green pfandbrief.
Berlin Hyp specializes in high-volume real estate financing for professional investors and housing companies. The company is based in Berlin.
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