Aareal Bank AG
Aareal Bank AG: Aareal Bank successfully places additional Tier 1 capital (news with additional features)
Aareal Bank AG / Key word(s): Issue of Debt THE INFORMATION CONTAINED IN THIS PRESS RELEASE MUST NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, WHETHER DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. Aareal Bank successfully places additional Tier 1 capital Wiesbaden, 13 November 2014 – Aareal Bank AG today has issued additional Tier 1 (AT1) capital, through a EUR 300 million perpetual note with a coupon of 7.625 per cent. The AT1 securities issued comply with the current Capital Requirements Regulation (CRR), thereby qualifying in full as Additional Tier 1 capital. The issue serves to further strengthen Aareal Bank’s regulatory capital base. The AT1 instruments were issued as notes with a denomination of EUR 200,000. The notes will be subject to a temporary write-down if Aareal Bank’s (phased-in) Common Equity Tier 1 (CET1) ratio falls below a threshold of 7.0 per cent. On 30 September 2014, Aareal Bank’s (phased-in) CET1 ratio was 12.3 per cent (excluding the SoFFin silent participation fully repaid at the end of October 2014). The AT1 securities were issued, excluding shareholders’ subscription rights, exercising authorisation granted by the Annual General Meeting on 21 May 2014. The securities were very well received by the capital market, with more than 180 investors participating in the transaction. The aggregate order book amounted to more than EUR 1.5 billion. BNP Paribas, Deutsche Bank and HSBC were mandated as Joint Lead Managers for this transaction; Bankhaus Lampe was mandated as Co-Lead Manager. Aareal Bank Disclaimer: This press release does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States of America (the ‘United States’) or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States. This press release is an advertisement and not a prospectus. Interested investors should base any investment decision regarding the securities referred to in this press release exclusively on the information presented in a securities prospectus published by the Company in connection with the offer of these securities. Copies of the prospectus will, following publication, be available free of charge from Aareal Bank AG at Paulinenstraße 15, 65189 Wiesbaden, Germany or on Aareal-Bank AG’s website (www.aareal-bank.com). Contact: Aareal Bank AG Corporate Communications Sven Korndörffer Tel.: +49 611 348 2306 sven.korndoerffer@aareal-bank.com Christian Feldbrügge Tel.: +49 611 348 2280 christian.feldbruegge@aareal-bank.com Heinrich Frömsdorf Tel.: +49 611 348 2061 heinrich.froemsdorf@aareal-bank.com ———————————— Aareal Bank AG, Registered Office: Wiesbaden Commercial Register: Amtsgericht Wiesbaden HRB 13184 Chairman of the Supervisory Board: Marija G. Korsch Management Board: Dr. Wolf Schumacher (Chairman), Dagmar Knopek, Hermann J. Merkens, Thomas Ortmanns +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=GNIGPHVKGW Document title: Press Release Aareal Bank AG 13.11.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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