Hogan Lovells advises banks on a 300 million mortgage pfandbrief issue by BSK 1818
Led by Frankfurt partner Dr. Jochen Seitz (PICTURED), Hogan Lovells advised a banking consortium consisting of Commerzbank Aktiengesellschaft, DekaBank Deutsche Girozentrale (lead manager), Landesbank Baden-Württemberg, and Norddeutsche Landesbank Girozentrale on the placement of a mortgage Pfandbrief issued by BSK 1818 (formerly known as Landesbank Berlin) with an issue volume of 300 million euros.
The mortgage Pfandbrief with a maturity of 7 years and an interest rate of 2.625 percent was successfully placed on October 23, 2025, and included in the open market of the Frankfurt Stock Exchange.
BSK 1818 is the holding company of Berliner Sparkasse and is considered a separate savings bank association under the Berlin Savings Bank Act. BSK 1818 is a regular issuer of mortgage Pfandbriefe, public Pfandbriefe, unsecured and subordinated bonds.
The Hogan Lovells team regularly advises the banks on transactions by BSK 1818. This is the first issue by BSK 1818 following its rebranding on July 15, 2025.
The team from Hogan Lovells was composed of Dr. Jochen Seitz (Partner), Dr. Stefan Wollmert-Schrewe (Counsel), Anna Hersener (Associate) (all Capital Markets Law, Frankfurt).
