WIESBADEN (dpa-AFX) - Aareal Bank said that it successfully placed a $625 million mortgage Pfandbrief on the capital market today. This benchmark bond was issued with a coupon of 1.875 % and will be payable on maturity on 15 September 2020. The issue price was 99.666 %. Thus, the Pfandbrief has a 1.991 % yield. This corresponds to a markup of 38 basis points on the current reference price on the USD swap market.
Since the issue met with strong interest from national and international investors, the order book volume exceeded US$1 billion. The transaction was conducted by a consortium of Citi, Credit Suisse, Goldman Sachs, HSBC and Landesbank Baden-W?rttemberg.
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