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OLB continues successful capital market activities with first ever benchmark mortgage covered bond
Jan 23, 2024 10:00 AM
Oldenburgische Landesbank AG / Key word(s): Bond
OLB continues successful capital market activities with first ever benchmark mortgage covered bond
23.01.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.PRESS RELEASE
Oldenburg, 2024-01-23
OLB continues successful capital market activities with first ever benchmark mortgage covered bond
- Strong interest from national and international investors
- Regular issues of benchmark size planned
Oldenburgische Landesbank AG (OLB) is continuing its successful capital market activities: Yesterday, Monday, 22 January 2024, the Bank issued its first ever mortgage covered bond at benchmark level in the amount of EUR 500 million. The bond has a term of eight years and offers investors an attractive long-term investment opportunity. The issue was several times oversubscribed. The high level of interest underscores the confidence of national and international investors in the stability and solidity of OLB.
"The benchmark issue represents the next important milestone for our capital market presence," says Dr Rainer Polster, CFO of OLB, "and at the same time it is a clear signal to national and international investors that we will reliably keep our promise to issue regularly on the capital market." From now on, OLB plans to realise a benchmark-sized mortgage covered bond issue every 12-18 months.
Almost half of the institutional investors in the first benchmark issue were other banks and, in particular, asset managers, central banks and insurance companies or pension funds from Germany and abroad. Around 79 per cent of the shares were subscribed in the Germany-Austria-Switzerland region, twelve per cent in the Nordic countries and four per cent in the UK. The shares are listed on the Luxembourg Stock Exchange.
OLB had mandated a consortium consisting of Danske Bank, Deutsche Bank, DZ Bank, Erste Group, NordLB and UniCredit as joint lead managers for the benchmark issue.
Just last week, OLB made its debut on the Tier 2 bond market and issued a bond totalling EUR 170 million. These two transactions demonstrate the continued strengthening of OLB's position in the financial sector and enable the Bank to respond flexibly to market conditions and optimise its financing mix.
About the OLB
Oldenburgische Landesbank AG is a profitable and growing universal bank for private and corporate customers in Germany and neighbouring European countries. Under its OLB Bank and Bankhaus Neelmeyer brands, OLB advises its more than 660.000 customers in person and via digital channels in its Private & Business Customers and Corporates & Diversified Lending segments. The Bank has about EUR 25 bn of total assets.
You can also visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.
Contactdetails:
Oldenburgische Landesbank AG
Investor Relations
Theodor-Heuss-Allee 108
60486 Frankfurt am Main
Telefon: +49 (0)69 756193-0
investor.relations@olb.de
Sandra Büschken
Telefon: +49 (0)69 756193-36
sandra.bueschken@olb.de
Oldenburgische Landesbank AG
Corporate Communications
& Investor Relations
Stau 15/17
26122 Oldenburg
Telefax 0441 221-2425
ccir@olb.de
Britta Silchmüller
Telefon: +49 (0)441 221-1213
britta.silchmueller@olb.de
Timo Cyriacks
Telefon: +49 (0)441 221-1781
timo.cyriacks@olb.de
Disclaimer
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of OLB ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of OLB and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.
23.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.comLanguage: English Company: Oldenburgische Landesbank AG Stau 15-17 26122 Oldenburg Germany Phone: 0441 - 221 - 0 E-mail: olb@olb.de Internet: www.olb.de EQS News ID: 1820533 End of News EQS News Service 1820533 23.01.2024 CET/CEST
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