DGAP-News: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue

DGAP-News: DVB Bank SE placed second EUR500 million senior unsecured benchmark 

DGAP-News: DVB Bank SE / Key word(s): Bond/Issue of Debt
DVB Bank SE placed second EUR500 million senior unsecured benchmark

27.11.2013 / 14:00


Frankfurt/Main, 27 November 2013 - DVB Bank SE (ISIN: DE0008045501) today
announced the issuance of a benchmark bond: On Monday, 25 November 2013,
DVB Bank successfully launched and priced its second EUR500 million senior
unsecured benchmark transaction in 2013. Since May 2012, DVB has been
establishing its benchmark curve, starting with a three-year maturity
followed by two issues with five-year maturity. By means of this
transaction, DVB extended its own benchmark curve out to seven years.

Wolfgang F. Driese, CEO and Chairman of the DVB's Board of Managing
Directors, commented on this issue as follows:

'Achieved through constant investor work, the success of this transaction
proves DVB's strong recognition in the capital markets and its
attractiveness to a wide range of investors in particular outside Germany.
The issue further broadens and diversifies our investor base and we
accomplished our objective to build a euro-denominated senior unsecured
benchmark curve.'

Following a deal-related roadshow, DVB decided to issue a EUR500 million
no-grow benchmark transaction making use of the overall constructive market
environment. Books were opened on Monday, 25 November 2013, at 10:00 a.m.
CET. There was strong demand from various investors leading to an
oversubscribed, highly granular order book which was closed at 10:30 a.m.
CET with a total volume of above EUR1.3 billion. The final spread was fixed
at mid-swaps +95 basis points and pays an annual fixed coupon of 2.375%.

The final order book saw a significant degree of diversification and
granularity with 177 accounts participating:

By investor type, fund managers and banks were the most important investor
groups, participating with 48% and 34% respectively, followed by corporates
with 9%. Insurance companies as well as pension funds were both allocated
2% of the transaction. Geographically, non-German investors took 51%:
investors from Nordic countries were allocated 19%, Austrian/Swiss
investors 12%, and investors from the UK 7% and Benelux 5%, respectively.

Transaction details at a glance: 
ISIN: XS0999475196 / WKN A1X3GH
Issue size: EUR500 million
Format: senior unsecured bond, ECB eligible
Maturity date: 2 December 2020
Value date: 2 December 2013
Coupon: 2.375% 
Spread: 95 basis points over mid-swaps 
Joint bookrunners: Crédit Agricole, DZ BANK AG, LBBW and UniCredit


Contact for this press release: 
Boris Siegers, Head of Group Treasury: +49 69 9750 4616 -
Elisabeth Winter, Head of Investor Relations: +49 69 9750 4329 -

About DVB Bank SE:
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading
specialist in the international transport finance business. The Bank offers
integrated financing solutions and advisory services in respect of Shipping
Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB
is present at all key international financial centres and transport hubs:
at its Frankfurt/Main head office, as well as various European locations
(Athens, Bergen, Hamburg, London, Oslo, Rotterdam and Zurich), plus offices
in the Americas (New York City and Curaçao) and in Asia (Singapore and
Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN:
DE0008045501). Please visit our website www.dvbbank.com for additional
background information.

End of Corporate News


27.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                             
Company:     DVB Bank SE                                         
             Platz der Republik 6                                
             60325 Frankfurt am Main                             
Phone:       069-97504-329                                       
Fax:         069-97504-850                                       
E-mail:      info@dvbbank.com                                    
Internet:    www.dvbbank.com                                     
ISIN:        DE0008045501                                        
WKN:         804550                                              
Listed:      Regulierter Markt in Frankfurt (General Standard);  
             Freiverkehr in Düsseldorf, Stuttgart                
End of News    DGAP News-Service  
241937 27.11.2013                                                      
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