Haspa – banking for Hamburg.
For long-term funding, Haspa acts as an issuer of mortgage and public Pfandbriefe, senior unsecured bonds, and subordinated bonds. These can be issued either in Benchmark or Private Placement format, as bearer or registered securities. As Germany’s largest savings bank, Haspa is also the largest issuer in the savings bank sector that regularly issues liquid benchmark bonds. These can also be structured as Social and Green Bonds. Haspa thus offers investors the unique opportunity to invest, through its bonds, in one of the EU’s strongest economic regions—the Hamburg metropolitan area.
Haspa Makes Its Debut with a Green Pfandbrief
In February 2026, Haspa successfully issued its first green bond with a volume of € 500 million and a seven-year maturity. The bond was subscribed to by more than 80 domestic and international investors, with the issuance volume being fully subscribed within just a few minutes. At its peak, demand exceeded € 2.1 billion.
Haspa issues its first public Pfandbrief
October 2025: Since 2006, Haspa has issued mortgage Pfandbriefe in benchmark format regularly. Almost 20 years later, in October 2025, Haspa expanded its funding products to public Pfandbriefe and issued its first public Pfandbrief, worth € 500 million, with a maturity of 6.5 years.
Investor Presentation
Financial Reports
- Annual Reports
- Half-yearly Reports
- Sustainability Reports
Contact
Please do not hesitate to contact us. We look forward to hearing from you.
Our Bonds
Pfandbriefe
- Mortgage Pfandbriefe
- Public Pfandbriefe
- §28 Pfandbrief Act & HTT
- Base Prospectus
- Final Terms
Senior Unsecured - & Subordinated Bonds
- Base Prospectus
- Final Terms
ESG-Bonds
- Green Bonds
- Social Bonds
- Framework
- External assessment
- Sustainability at Haspa
Ratings
| Moody’s | Rating | Outlook |
| Issuer Rating | Aa2 | negative |
| Mortgage Pfandbriefe | Aaa | |
| Public Pfandbriefe | Aaa |
Rating Information
April 2026: Moody’s affirms issuer rating of Haspa at „Aa2“ and revises the outlook from „stable“ to „negative“ in light of recent regulatory developments.
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