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The upcoming mortage Jumbo Pfandbrief of HVB Real Estate rated A1/AA+ (Moody’s/Fitch) will have a size of Euro 1.5bn and a maturity of 3 years. As communicated earlier the pot-transaction will be jointly lead-managed by HVB, DrKW and WestLB. Co-lead-managers will be ABN, Barclays Capital, Commerzbank Securities, Deutsche Bank, HSBC, LBBW, Morgan Stanley and WGZ. Market conditions permitting the orderbooks will be opened Monday morning with a spread range of mid swaps plus 15 to 18 bp. Launch and pricing are scheduled for Wednesday, July 9. Besides the traditional market making the banks will act as market makers in the repo-market. Jumbo Pfandbrief Reihe P 4035, WKN 887 533, listing Munich.