Global law firm White & Case LLP has advised a banking consortium comprising UniCredit Bank GmbH and 15 other banks on the issuance by Berlin Hyp AG (Berlin Hyp) of two tranches of fixed rate Mortgage Pfandbriefe with an aggregate principal amount of €1.5 billion. The first tranche has a principal amount of €1 billion, a four-year term and a fixed coupon of 2.625%. Berlin Hyp intends to use the net proceeds from the issuance for general corporate purposes. The mortgage Pfandbriefe were admitted to trading on the regulated market of the Berlin Stock Exchange. The second tranche, issued as green mortgage Pfandbriefe, has a principal amount of €500 million, a term of seven years and nine months and a fixed coupon of 2.750%. Berlin Hyp intends to use an amount equivalent to the net proceeds of the mortgage Pfandbriefe to refinance eligible assets as defined under its 'Green Bond Framework'.