DGAP-News: DVB Bank SE: DVB successfully placed its third EUR500 million senior unsecured benchmark issue
(firmenpresse) - DGAP-News: DVB Bank SE / Key word(s): Bond
DVB Bank SE: DVB successfully placed its third EUR500 million senior
unsecured benchmark issue
22.05.2013 / 15:15
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Frankfurt/Main, 22 May 2013 - DVB tapped the financial market with a
five-year EUR500 million transaction. This was the Bank's third
euro-denominated senior unsecured benchmark issue within twelve months.
Wolfgang F. Driese, CEO and Chairman of the DVB's Board of Managing
Directors, commented on this issue as follows:
'This very successful transaction highlights DVB's strong recognition in
the capital markets and it further broadens and diversifies our
international investor base.'
In conjunction with the bank syndicate DVB decided to benefit from the
overall strong market environment and to issue a no grow benchmark
transaction. Books were opened on Tuesday, 21 May 2013 at 10:00 a.m. CET.
There was strong demand from various investors (129 accounts in total)
leading to an oversubscribed, highly granular order book which was closed
at 11:00 a.m. CET with a total volume of above EUR0.9 billion. The final
spread was fixed at mid-swaps +83 basis points and pays an annual fixed
coupon of 1.625%.
Significant interest came from foreign investors (43.0%), with key orders
from Nordic countries (16.5%), Austria and Switzerland (12.0%), United
Kingdom (5.0%), Benelux (3.0%), South Europe (3.0%) followed by Korea with
2.5%. Banks and asset managers were the most important investor groups,
participating with 61.5%, and 27.0% respectively, followed by pension funds
with 6.5% and agencies with another 3.5%.
Transaction details at a glance:
ISIN: XS0937197431
Issue size: EUR500 million
Format: senior, unsecured
Maturity date: 28 May 2018
Value date: 28 May 2013
Coupon: 1.625%
Spread: +83 basis points vs. mid-swaps
Joint bookrunners: BNP Paribas, Deutsche Bank, DZ BANK AG, LBBW
Contact for this press release:
Boris Siegers, Head of Group Treasury: +49 69 9750 4616 -
boris.siegers(at)dvbbank.com
Elisabeth Winter, Head of Investor Relations: +49 69 9750 4329 -
elisabeth.winter(at)dvbbank.com
About DVB Bank SE:
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading
specialist in the international Transport Finance business. The Bank offers
integrated financing solutions and advisory services in respect of Shipping
Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB
is present at all key international financial centres and transport hubs:
at its Frankfurt/Main head office, as well as various European locations
(Athens, Bergen/Oslo, Hamburg, London, Rotterdam and Zurich), plus offices
in the Americas (New York City and Curaçao) and in Asia (Singapore and
Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN:
DE0008045501). Further information is available on our website at
www.dvbbank.com
End of Corporate News
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22.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: DVB Bank SE
Platz der Republik 6
60325 Frankfurt am Main
Germany
Phone: 069-97504-329
Fax: 069-97504-333
E-mail: info(at)dvbbank.com
Internet: www.dvbbank.com
ISIN: DE0008045501
WKN: 804550
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, Stuttgart
End of News DGAP News-Service
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212529 22.05.2013
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Datum: 22.05.2013 - 15:15 Uhr
Sprache: Deutsch
News-ID 262501
Anzahl Zeichen: 5344
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