DVB tapped the financial market with a five-year €500 million transaction. This was the Bank’s second euro-denominated senior unsecured benchmark issue in 2012, following its inaugural three-year €500 million benchmark transaction in May. The senior, unsecured bonds carry a maturity date of 30 August 2017, a coupon of 2.5% with a spread of 150 basis points vs. mid-swaps. Joint bookrunners are DZ BANK AG, LBBW and UniCredit. Wolfgang F. Driese, CEO and Chairman of the DVB’s Board of Managing Directors, commented on this issue as follows: “This very successful transaction highlights DVB’s strong recognition in the capital markets it further

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