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AAREAL BANK AG (FRA:ARL) Aareal Bank successfully places USD 625 million mortgage Pfandbrief on the capital market

Directive transparence : information réglementée

06/09/2017 18:20

DGAP-News: Aareal Bank AG / Key word(s): Issue of Debt
Aareal Bank successfully places USD 625 million mortgage Pfandbrief on the capital market

06.09.2017 / 18:20
The issuer is solely responsible for the content of this announcement.


Aareal Bank successfully places USD 625 million mortgage Pfandbrief on the capital market

Wiesbaden, 6 September 2017 - Aareal Bank successfully placed a USD 625 million mortgage Pfandbrief on the capital market today. This benchmark bond was issued with a coupon of 1.875 % and will be payable on maturity on 15 September 2020. The issue price was 99.666 %. Thus, the Pfandbrief has a 1.991 % yield. This corresponds to a markup of 38 basis points on the current reference price on the USD swap market.

Since the issue met with strong interest from national and international investors, the order book volume exceeded USD 1 billion. The transaction was conducted by a consortium of Citi, Credit Suisse, Goldman Sachs, HSBC and Landesbank Baden-Württemberg.

"With this benchmark transaction, we are strengthening our foreign currency funding base for our lending business," says Thomas Ortmanns, member of the Management Board at Aareal Bank AG. "At the same time we are expanding our investor basis, as especially international investors showed strong interest."

The high quality of Aareal Bank's mortgage Pfandbriefe is confirmed by the highest rating scores awarded by FitchRatings and Moody's.


Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia. Aareal Bank AG, whose shares are included in Deutsche Börse's MDAX index, is the Group's parent entity. It manages the various entities organised in the Group's two business segments: Structured Property Financing and Consulting /Services. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. In this segment, the Bank facilitates property investment projects for its domestic and international clients, within the framework of a three-continent strategy covering Europe, North America and Asia. In its Consulting/Services segment Aareal Bank Group offers its European clients from the property and energy sectors a unique combination of specialised banking services as well as innovative digital products and services, designed to help clients optimise and enhance the efficiency of their business processes.


Contact:
Aareal Bank AG
Corporate Communications

Sven Korndörffer
Phone: +49 611 348 2306
sven.korndoerffer@aareal-bank.com

Christian Feldbrügge
Phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

Jorge Person
Phone: +49 611 348 3217
jorge.person@aareal-bank.com
 


06.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm

 
End of News DGAP News Service

607481  06.09.2017 

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