Deutsche Pfandbriefbank tenders for up to €360 million benchmark bonds

By Susanna Moon

Chicago, Jan. 13 – Deutsche Pfandbriefbank AG said it is tendering for up to €360 million of its unsecured benchmark bonds issued in January 2013.

The company issued €500 million of the bonds and then later upsized the issue with a tap of €360 million at a price of 100.96%, according to a company notice.

The repurchase offer is only valid outside of the United States, the notice said.

Lucid Issuer Services Ltd. is the tender agent.

Pfandbriefbank provides commercial real estate financing for builders and developers, real estate funds, real estate investors, and leasing companies. The company is based in Munich.

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