Deutsche Pfandbriefbank AG: pbb offers repurchase of unsecured benchmark bond
May 21, 2019 at 05:05 am EDT
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DGAP-Ad-hoc: Deutsche Pfandbriefbank AG / Key word(s): Bond
Deutsche Pfandbriefbank AG: pbb offers repurchase of unsecured benchmark bond
21-May-2019 / 10:59 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Deutsche Pfandbriefbank AG (pbb) today decided to offer to repurchase the unsecured benchmark bond with ISIN DE000A13SWH9 in a public tender up to a nominal volume of EUR 500 million against cash payment at a price of 100.85 %. The bond, which will mature on 27 April 2020, was issued in April 2016 with a nominal volume of EUR 500 million.
The repurchase offer only applies outside the United States of America. Further information and restrictions regarding the buyback will be published in a Tender Offer Memorandum. This Memorandum will be available from 21 May 2019 at Lucid Issuer Services Limited (pbb@lucid-is.com) as Tender Agent in connection with this repurchase and from pbb (funding@pfandbriefbank.com).
21-May-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Deutsche Pfandbriefbank AG
Freisinger Strasse 5
85716 Unterschleissheim
Germany
Phone:
+49 (0) 89 2880 28 201
Fax:
+49 (0) 89 2880 22 28 201
E-mail:
info@pfandbriefbank.com
Internet:
http://www.pfandbriefbank.com
ISIN:
DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html. The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AG are available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html
WKN:
801900
Indices:
MDAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX
Deutsche Pfandbriefbank AG is a Germany-based bank for real estate finance and public investment finance. The Company is engaged in three core business areas: Public Sector Finance, Real Estate Finance and Debt Instruments. Public Sector Finance includes the financing of public sector investments in the fields of infrastructure, municipal and residential construction, utilities and healthcare. In addition, it provides investment lending and debt management. Real Estate Finance includes real estate investment funding and financing instruments, such as financing investment projects, portfolio financing, standby facilities and derivatives. Debt Instruments includes fixed income bonds involving issuing mortgage and public sector debentures. The Company is active in Europe, notably in France, the United Kingdom, Benelux countries, Nordic countries, Switzerland, Spain, Hungary, and the Czech Republic. The Company is a part of the HRE Group, which is wholly owned by the German government.