- Portfolio of mezzanine risks worth around €150m placed
- Great interest on the part of European investors in the German economy
Commerzbank is continuing its success in the
collateralisation market, having issued "CoSMO Finance
II-2", which comprises mezzanine capital risks of
around €150m from a portfolio of claims of €2bn against
German SMEs. This is equivalent to the full placement of
the relevant collateralisation tranche. This synthetic
transaction does not involve the transfer of the
collateralised receivables or disclosure of the relevant
borrowers. As the customer exposure is not disclosed to
investors, a synthetic transaction does not have any
influence on the customer-bank relationship.
"Investors have sent out a clear sign of their
confidence in the stability and success of the German
economy. The fact that the issue was again substantially
oversubscribed testifies to the unabated strong interest
which investors have in German SMEs and specifically
Commerzbank as Germany¿s largest bank for SMEs," says
Dr. Katrin Stark, Divisional Board Member of Strategy and
Projects at Commerzbank Mittelstandsbank.
Press contact:
Martin Halusa: +49 170 8528638
Bernd Reh +49 170 9143734
*****
About Commerzbank
Commerzbank is a leading bank for private and corporate
customers in Germany. With the segments Private Clients,
Mittelstandsbank, Corporates & Markets, Central & Eastern
Europe as well as Asset Based Finance, the Bank offers its
customers an attractive product portfolio, and is a strong
partner for the export-oriented SME sector in Germany and
worldwide. With a future total of some 1,200 branches,
Commerzbank has one of the densest networks of branches
among German private banks. It has above 60 sites in 50
countries and serves more than 14 million private clients
as well as one million business and corporate clients
worldwide. In 2010 it posted gross revenues of €12.7
billion with some 59,100 employees.
*****
Disclaimer
This release contains statements concerning the expected
future business of Commerzbank, efficiency gains and
expected synergies, expected growth prospects and other
opportunities for an increase in value of the company as
well as expected future net income per share, restructuring
costs and other financial developments and information.
These forward-looking statements are based on management¿s
current expectations, estimates and projections. They are
subject to a number of assumptions and involve known and
unknown risks, uncertainties and other factors that may
cause actual results and developments to differ materially
from any future results and developments expressed or
implied by such forward-looking statements. Commerzbank has
no obligation to periodically update or release any
revisions to the forward-looking statements contained in
this release to reflect events or circumstances after the
date of this release.
distribué par | Ce noodl a été diffusé par Commerzbank AG et initialement mise en ligne sur le site http://www.commerzbank.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-02 13:33:17 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |