Secured and unsecured securities each up to five billion EUROS
Postbank is expanding what it offers in the securities sector. It has received authorisation from the Frankfurt securities exchange to introduce secured and unsecured bearer bonds up to a volume of five billion Euros for official stock exchange trading. As a result of this, Postbank can, in future, issue fixed or variable, interest bearing or structured bonds which are quoted on the stock exchange.
“Alongside investment funds Postbank now offers its customers its own securities. The securities are first rate and very liquid. With the direct access to the share market that we have been offering since September last year through our Direct-Broker Postbank easytrade, we can now fulfil our customer’s investment wishes for all time periods and levels of risk”, says Prof. Dr. Wulf von Schimmelmann, Chief Executive Officer of Postbank.
The right to issue secured bonds was transferred to Postbank due to its merger with DSL Bank last year. Their secured bonds are eligible for trusts.