MUNICH--(BUSINESS WIRE)--
Deutsche Pfandbriefbank AG (pbb) plans to issue a perpetual subordinated bond with a total nominal amount of up to EUR300 million. The instrument shall comply with applicable regulatory requirements for AT1 under the EU Capital Requirements Regulation (CRR), thereby qualifying in full as additional tier 1 capital. If pbb's Common Equity Tier 1 (CET1) ratio falls below a threshold of 7.0%, the bond's terms and conditions provide for a temporary write-down of the nominal amount. The threshold of 7.0% is based on a consolidated basis in accordance with IFRS - or additionally in accordance with German GAAP on a single-entity basis, should pbb no longer be exempt from determining regulatory ratios on a single-entity basis.
| Language: | English | ||
| Company: | Deutsche Pfandbriefbank AG | ||
| Freisinger Strasse 5 | |||
| 85716 Unterschleissheim | |||
| Germany | |||
| Phone: | +49 (0) 89 2880 28 201 | ||
| Fax: | +49 (0) 89 2880 22 28 201 | ||
| E-mail: | |||
| Internet: | |||
| ISIN: |
DE0008019001, Die internationalen Wertpapierkennnummern (ISIN)
weiterer von der Deutsche Pfandbriefbank AG ausgegebener
Finanzinstrumente sind abrufbar auf der Website der Deutsche
Pfandbriefbank AG unter |
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| WKN: | 801900 | ||
| Indices: | MDAX | ||
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; London, Dublin, Mailand, Paris, Luxemburg, SIX |
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