2009
Postbank successfully issues first public Pfandbrief
Postbank has issued a public Pfandbrief today, representing a further expansion of its refinancing base. The five-year public covered bond has a volume of EUR 1 billion and a spread of 37 basis points above mid-swap. The yield at reoffer price is 3.177 %. The nominal interest rate ist 3.125 %. The Pfandbrief has been given a provisional AAA rating by Fitch Ratings, Moody's and Standard & Poor's.
The issue was oversubscribed several times. Lead managers were Deutsche Bank, DZ Bank, HSBC, Société Générale and the UnicreditGroup (HVB).
The renewed high demand reflects the great deal of trust Investors have in Postbank an that the Pfandbrief is an attractive and sound investment product.
For further information, including presentation handouts and the composition of the collateral pool, go to www.postbank.com/ir.
