Deutsche Pfandbriefbank AG Announces Partial Repurchase Offer of Benchmark Bonds

Deutsche Pfandbriefbank AG (pbb) has announced a partial repurchase offer for three of its benchmark bonds. The decision, disclosed on June 3, 2024, involves a public tender for one senior preferred bond (ISIN: DE000A3T0X97) and two public sector Pfandbriefe (ISIN: DE000A1R06C5 and ISIN: DE000A13SWG1). This offer is valid only outside the United States.

The specific buyback prices, maximum buyback volumes, timing, and additional information will be detailed in a Tender Offer Memorandum. Interested parties can obtain this memorandum from Kroll Issuer Services Limited starting June 3, 2024. This move highlights pbb's proactive approach to managing its bond issuances and market presence.