Deutsche Pfandbriefbank AG Announces Partial Repurchase and New Issue of Tier 2 Bonds

Deutsche Pfandbriefbank AG (pbb) has unveiled plans to undertake a partial repurchase of Tier 2 bonds, offering a public tender for bonds valued up to EUR 300 million. The repurchase targets two bonds due in February and June 2027, identified by ISIN DE000A2DASM5 and XS1637926137, respectively. This initiative is contingent on the issuance of new Tier 2 notes, anticipated to also reach EUR 300 million.

The repurchase offer excludes participation from the United States. Further details, including buyback conditions, are provided in the Tender Offer Memorandum dated June 24, 2025, available through Kroll Issuer Services Limited. Key financial institutions, Goldman Sachs Bank Europe SE, Jefferies GmbH, and UBS AG London Branch, have been appointed as Bookrunners and Dealer Managers for the transactions.