Deutsche Pfandbriefbank AG: pbb Plans to Issue Additional Tier 1 Capital

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.

    
      
        
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          Deutsche Pfandbriefbank AG
        
        
        
      
      
        
        
        
        
        
          Freisinger Strasse 5
        
        
        
      
      
        
        
        
        
        
          85716 Unterschleissheim
        
        
        
      
      
        
        
        
        
        
          Germany
        
        
        
      
      
        
          Phone:
        
        
        
        
          [phone]
        
        
        
      
      
        
          Fax:
        
        
        
        
          [phone] 201
        
        
        
      
      
        
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[e-mail]

        
        
        
      
      
        
          Internet:
        
        
        
        
          

http://www.pfandbriefbank.com

        
        
        
      
      
        
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DE0008019001, Die internationalen Wertpapierkennnummern (ISIN) weiterer von der Deutsche Pfandbriefbank AG ausgegebener Finanzinstrumente sind abrufbar auf der Website der Deutsche Pfandbriefbank AG unterhttps://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrumente.html.The International Securities Identification Numbers (ISINs) of further, financial instruments issued by Deutsche Pfandbriefbank AGare available on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-instruments.html

 

        
      
      
        
          WKN:
        
        
        
        
          801900
        
        
        
      
      
        
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          MDAX
        
        
        
      
      
        
          Listed:
        
        
        
        
          Regulated Market in Frankfurt (Prime Standard), Munich, Stuttgart; 
          Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; 
          London, Dublin, Mailand, Paris, Luxemburg, SIX
        
        
        
      
    
    

View source version on businesswire.com: https://www.businesswire.com/news/home/20180405005611/en/

Deutsche PfandbriefbankWalter AllwicherHead of Communications+49 (0) 89 2880 28 [e-mail]