Investmentbanking | Mar 3, 2010

Dexia Kommunalbank issues a Euro-benchmark bond with Helaba

Dexia Kommunalbank Deutschland AG is issuing a euro-benchmark bond (public Pfandbrief) in a total amount of EUR 1 bn.

Dexia Kommunalbank Deutschland AG is issuing a euro-benchmark bond (public Pfandbrief) in a total amount of EUR 1 bn. In the transaction Helaba, DekaBank, Dexia Capital Markets, DZ Bank, LBBW und Unicredit (HVB) operated equally as joint-lead managers.
The bond has a maturity of 3 years (until 11^th March 2013) and a coupon of 1,875. The issue price was 99,804 %. This gives rise to a yield of 1,943 %. Investor demand from Sparkassen (savings banks), institutional investors and other banks was extremely lively: After only half an hour the order book amounted to more than EUR 1 bn and finally reached a total volume of EUR 2,4 bn through 110 investors from 13 countries.

A Global Presence yet Close at Hand

Globalisation has long been a fact of life in financial circles, with investments and transactions often moving across and between continents in a matter of a few seconds. It is important to keep a sense of perspective in the face of all this speed and all these options. All that really matters is what works for you, and this is where Helaba offers a distinct advantage: as a Landesbank firmly anchored in our home region we are genuinely close to our customers, and yet at the same time we are also an internationally successful financial institution with the resources to fight your corner right around the globe.

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