DGAP-News: IKB Deutsche Industriebank AG: IKB returns SoFFin guarantees early
(firmenpresse) - DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Bond
IKB Deutsche Industriebank AG: IKB returns SoFFin guarantees early
03.08.2011 / 16:25
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IKB returns SoFFin guarantees early
[Düsseldorf, 3 August 2011] IKB Deutsche Industriebank AG has returned
additional SoFFin guarantees totalling EUR 1.3 billion early. The
guarantees returned comprise a volume of EUR 0.6 billion in the bond ISIN
DE000A0SMN03 (maturing on 27 January 2012, 2.875%) and a volume of EUR 0.7
billion in the bond ISIN DE000A0SMN45 (maturing on 13 March 2012, 2.625%).
Thus, current SoFFin guarantees for IKB amount to EUR 7.3 billion.
The buyback of SoFFin-guaranteed bonds required in order to return the
guarantees was possible due to existing liquidity reserves. The early
return of the SoFFin guarantees allows IKB to generate cost savings.
According to planning, and taking into account the maturing
SoFFin-guaranteed bonds, liquidity is ensured with a sufficient buffer.
Contact:
Dr. Jörg Chittka, telephone: +49 211 8221-4349; Armin Baltzer, telephone:
+49 211 8221-6236, fax: +49 211 8221-6336, e-mail: presse(at)ikb.de
End of Corporate News
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03.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-Straße 1
40474 Düsseldorf
Germany
Phone: +49 (0)211 8221-4511
Fax: +49 (0)211 8221-2511
E-mail: investor.relations(at)ikb.de
Internet: www.ikb.de
ISIN: DE0008063306
WKN: 806330
Listed: Regulierter Markt in Frankfurt (General Standard)
End of News DGAP News-Service
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134270 03.08.2011
Bereitgestellt von Benutzer: EquityStory
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Datum: 03.08.2011 - 16:25 Uhr
Sprache: Deutsch
News-ID 41477
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Kategorie:
Business News
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