Faced with the persistent weakness on the commercial real estate market, Deutsche Pfandbriefbank AG (“pbb”) has today significantly increased its risk provisioning. The risk provision result for the first nine months of the 2023 financial year amounted to € -104 million (9M2022: € -38 million). Pre-tax profit was €91 million (consolidated figures i [ … ]

Deutsche Pfandbriefbank AG (pbb) has decided today to offer to partially repurchase against cash in a public tender three senior preferred bonds with the international securities identification numbers (ISIN) DE000A2NBKK3, DE000A3T0X97 and DE000A3T0X22 as well as one public sector Pfandbrief with the ISIN DE000A1R06C5. The repurchase offer is only  [ … ]

Deutsche Pfandbriefbank AG (pbb) has decided today to offer to partially repurchase against cash in a public tender three senior preferred bonds with the international securities identification numbers (ISIN) DE000A2NBKK3, DE000A3T0X97 and DE000A3T0X22 as well as one public sector Pfandbrief with the ISIN DE000A1R06C5. The repurchase offer is only  [ … ]

Deutsche Pfandbriefbank AG (pbb) is exploring the market for a potential issuance of a subordinated bond with a 10.25-year maturity in an aggregate principal amount of € 300 million. It is intended that the instrument meets the regulatory requirements for Tier 2 instruments according to the Capital Requirements Regulation (CRR) and would therefore  [ … ]

The management board and the supervisory board of Deutsche Pfandbriefbank AG (pbb) have decided to propose to pbb's shareholders, at an extraordinary general meeting (EGM) that has yet to be convened, to distribute a further dividend for the 2020 financial year in the amount of EUR 0.32 per no-par value share entitled to dividends, i.e. a total dis [ … ]

Deutsche Pfandbriefbank AG (pbb) generated consolidated pre-tax profit of €62 million during the second quarter of 2021, clearly ahead of the figure for the same quarter of the previous year and for the first quarter 2021 (preliminary, unaudited figures in accordance with IFRS; Q2 2020: €28 million, Q1 2021: €52 million). Profit before taxes for th [ … ]

Deutsche Pfandbriefbank AG (pbb) has resolved today to offer to repurchase against cash in a public tender its senior unsecured benchmark bond which was issued in January 2018 with an original nominal volume of EUR 500 million (ISIN DE000A2GSLC6). The repurchase price will be calculated by reference to the sum of the spread of 50 bps and the rate,  [ … ]