EANS-News: DVB Bank SE placed its inaugural EUR500 million senior unsecured benchmark issue
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financing, Stock Offerings (IPO)/benchmark issue Frankfurt am Main (euro adhoc) - DVB entered the financial market in a still fragile environment with a new three-year EUR500 million transaction. It was the Bank's inaugural euro-denominated senior unsecured benchmark issue and at the same time the first benchmark transaction out of Germany since February 2012. Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors, commented on this issue as follows: "This very successful benchmark issue, firstly, elevates our visibility and strengthens our profile in the financial markets. Secondly, and very importantly, it broadens DVB's investor base beyond the German co-operative sector. And we are indeed very pleased about the overwhelming demand from various types of European investors, highlighting our strong recognition in the capital markets. The great success of our issuance also encourages us to pursue our goal of building up a benchmark curve in the foreseeable future." The transaction was prepared by a series of investor meetings in Germany during April 2012 resulting in encouraging feedback. Thus, DVB announced and launched the transaction on Tuesday, 8 May 2012. Books were opened at 03:00 p.m. CET with an official spread range of mid-swaps +158/+160 basis points. Thanks to a high number of sizeable high-quality orders, the bookbuilding process went swiftly and the book was closed at 03:30 p.m. CET, with a fixed spread at the low end of the spread guidance (mid-swaps +158 basis points). There was huge demand from various investors (140 accounts) leading to an oversubscribed, highly granular order book with a total volume of nearly EUR1.0 billion. In order to assure an orderly and fair allocation process, the deal was finally priced and allocated on Wednesday, 9 May 2012, at 10:30 p.m. CET. Further transaction details: Issue size: EUR500 million; format: senior, unsecured; maturity date: 15 May 2015; value date: 15 May 2012; coupon: 2.5%, spread: +158 basis points vs. mid-swap; joint bookrunners: DZ BANK AG, LBBW and UniCredit. Banks were the most important investor group, participating with 61%, followed by funds with 26% and insurance companies with 12%. From a geographical point of view, accounts from Germany represented the vast majority (88%), followed by Austria and Switzerland with a combined 6% and investors from Nordic countries took 4%. Contact for this press release: Elisabeth Winter, Manager Investor Relations: +49 69 9750 4329 - elisabeth.winter@dvbbank.com Boris Siegers, Head of Group Treasury: +49 69 9750 4616 - boris.siegers@dvbbank.com Note to Editors: 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, and Land Transport Finance. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen, Oslo, Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501). www.dvbbank.com Further inquiry note: Elisabeth Winter Investor Relations Tel: +49 (0)69-97504-329 E-Mail: elisabeth.winter@dvbbank.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: DVB Bank SE Platz der Republik 6 D-60325 Frankfurt am Main phone: +49 (0)69 9750-40 FAX: +49 (0)69 9750-4444 mail: info@dvbbank.com WWW: http://www.dvbbank.com sector: Banking ISIN: DE0008045501 indexes: stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general standard: Frankfurt language: English
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