IR Releases - Archive

Frankfurt, June 2, 2009

Deutsche Bank issues inaugural Pfandbrief


Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has further expanded its refinancing base by issuing an inaugural Pfandbrief (covered bond). The bank said today that the bond was placed at a spread of 55 basis points over the mid swap rate. The Pfandbrief has an issue volume of EUR 1 billion and a maturity of 7 years. The coupon is 3.75%. The Pfandbrief has been rated Aaa by Moody´s and AAA by Standard & Poor´s.

The issue was oversubscribed more than 5 times, with over 170 orders in the book; final placement was 64% in Germany with the remainder placed with other European investors. 49% was placed with asset managers, pension funds and Central Banks. „The large demand is indicative of the high level of investor trust in Deutsche Bank”, Rainer Rauleder, Deputy Group Treasurer, commented. “The Pfandbrief further expands our stable and cost-effective refinancing structure and we look forward to future issuance in this market”, he added.

In April 2009 Deutsche Bank obtained a licence to issue Mortgage Pfandbriefe from the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The cover pool (EUR 1.57bn) is composed of assets from Deutsche Bank’s mortgage loan book.



This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 24 March 2009 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .




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