On Monday, 25 November 2013, DVB Bank successfully launched and priced its second €500 million senior unsecured benchmark transaction in 2013. The bond priced at 2.375%, with a spread of 95 basis points over mid-swaps. Joint bookrunners are Crédit Agricole, DZ BANK, LBBW and UniCredit. 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

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In