July 10, 2007

EquiNotes III: IKB and Deutsche Bank offer mezzanine capital for companies with annual turnover starting from € 10 million

IKB Deutsche Industriebank AG and Deutsche Bank AG (XETRA: DBKGn.DE) are issuing their third joint mezzanine capital programme: equiNotes III. The partners are continuing their offer for small and medium-sized corporate clients who are looking for long-term financing with equity capital character for their further growth.

Whereas the second equiNotes programme was targeted for enterprises with at least € 25 million in sales, companies with an annual turnover starting from € 10 million can participate in equiNotes III.

The two banks have again improved the qualitative selection process. A risk-adequate price-finding process allows for a rapid disbursal of funds, which is independent from the securitization market. The revised approach gives the two banks a greater degree of flexibility to be able to react to current market developments.

Jürgen Fitschen, member of the Group Executive Committee of Deutsche Bank, and Claus Momburg, member of the Management Board of IKB: “We are pleased that we are able to continue to offer this extremely important financing alternative, especially for small and medium-sized enterprises, through our third mezzanine capital programme.”

With equiNotes, companies obtain mezzanine capital in the form of participatory rights that can be allocated economically to equity capital. Thus, equiNotes provides an effective contribution to closing the equity capital gap in mid-cap financing; it improves the credit rating and opens up further scope for financing. Depending on the structuring, the capital is not only subordinated, but also equipped with deferred interest and loss participation features.

IKB and Deutsche Bank offer equiNotes III in tranches from € 1 million to € 15 million. equiNotes offers mid-cap companies long-term capital at attractive conditions. Depending on the credit rating of the company to be financed,  interest rates currently start at 7.45%. Disbursement of funds takes place soon after the successful completion of the credit check process.

Additional information is available from:

IKB Deutsche Industriebank  

Dr. Jörg Chittka    
+49 (0) 211 8221 4349   
e-mail: joerg.chittka@ikb.de  

Deutsche Bank Press and Media Relations

Armin Niedermeier
+49 (0) 69 910 33402
e-mail: db.presse@db.com

IKB Deutsche Industriebank

IKB Deutsche Industriebank AG is the leading specialist bank for long-term corporate financing in Germany. Its target clients are innovative, high-growth, medium-sized companies, commercial real estate investors, as well as foreign companies and project partners. With total assets of around € 50 billion, and 1,800 staff at 12 domestic and international offices, the bank itself is a medium-sized enterprise. IKB shares (ISIN: DE 0008063306) are listed in the MDAX, the German mid-cap index. Holding a 38% stake, KfW Banking Group is IKB’s largest shareholder; the two banking groups are joined in a strategic partnership.


About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 73,114 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.