Home Banking DVB Bank SE placed second €500 million senior unsecured benchmark issue in 2012

DVB Bank SE placed second €500 million senior unsecured benchmark issue in 2012

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Wolfang F. Driese

DVB tapped the financial market with a five-year €500 million transaction. This was the Bank’s second euro-denominated senior unsecured benchmark issue in 2012, following its inaugural three-year €500 million benchmark transaction in May.

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 it further broadens and diversifies our investor base. Our objective is to build a euro-denominated senior unsecured benchmark curve.”

In conjunction with the bank syndicate DVB decided to benefit from the overall favourable market environment and to issue a no grow benchmark transaction. Books were opened on Thursday, 23 August 2012 at 09:00 a.m. CET. There was strong demand from various investors (175 accounts in total) leading to an oversubscribed, highly granular order book which was closed at 10:15 a.m. CET with a total volume of above €1.2 billion. The final spread was fixed at mid-swaps +150 basis points and pays an annual fixed coupon of 2.50%.

Banks and asset managers were the most important investor groups, participating with 43% and 41% respectively, followed by insurance companies with 13% and central banks with another 2%. As expected, German investors took the lion’s share with 77% followed by Nordic Countries, Austria and Switzerland with 7% each. Investors from the Middle East completed the picture.

Transaction details at a glance: ISIN: XS0822316765 Issue size: €500 million Format: senior, unsecured Maturity date: 30 August 2017 Value date: 30 August 2012 Coupon: 2.5% Spread: +150 basis points vs. mid-swaps Joint bookrunners: DZ BANK AG, LBBW and UniCredit

Contact for this press release: Boris Siegers, Head of Group Treasury: +49 69 9750 4616 – boris.siegers@dvbbank.com Elisabeth Winter, Head of Investor Relations: +49 69 9750 4329 – elisabeth.winter@dvbbank.com

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. DVB is present at key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Athens, Bergen, Hamburg, London, Oslo, 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). www.dvbbank.com

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