DGAP-News: IKB Deutsche Industriebank AG / Key word(s): Bond
IKB Deutsche Industriebank AG: IKB begins process of buying back
SoFFin-guaranteed bonds
18.07.2011 / 10:58
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IKB begins process of buying back SoFFin-guaranteed bonds
NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA AND
JAPAN
[Düsseldorf, 18 July 2011] IKB Deutsche Industriebank AG is inviting
investors of the SoFFin-guaranteed bonds ISIN DE000A0SMN03 (maturing on 27
January 2012, 2.875%) and ISIN DE000A0SMN45 (maturing on 13 March 2012,
2.625%) to submit offers for the buy-back of bonds up to EUR 1.5 billion
(of which not more than EUR 1.0 billion for ISIN DE000A0SMN03).
After completing this buy-back, IKB will return the SoFFin guarantees early
in the amount of the volume bought back. The SoFFin guarantee for IKB is
currently EUR 8.6 billion following the scheduled repayment of the SoFFin
bond maturing on 29 April 2011 and the additional early return of
guarantees of EUR 0.4 billion.
The book building for the public tender offer published today ends on 28
July 2011. The buy-back price will be determined after the end of the
invitation period on the basis of the EURIBOR interpolated in line with
general market practice minus 60 basis points. The joint deal managers for
the transaction are Deutsche Bank AG and IKB, the tender agent is Deutsche
Bank AG.
The invitation memorandum prepared for this invitation is available from
the tender agent, Deutsche Bank AG, London Branch, Trust & Securities
Services, Winchester House, 1 Great Winchester Street, London EC2N 2DB,
United Kingdom, tel. London: +44 207 547 5000, Frankfurt: +49 69 910 34907,
fax: +44 207 547 5001, e-mail: xchange.offer@db.com.
Disclaimer
This notice neither constitutes an offer to sell nor a solicitation to buy
or subscribe for any securities in the United States of America (including
its territories and possessions), Australia, Japan or Canada or to a person
in the United Kingdom of Great Britain, Belgium, France or in any other
jurisdiction, to which such an offer would be unlawful.
The distribution of the Invitation Memorandum may be subject to legal
restrictions in certain countries and territories. IKB Deutsche
Industriebank Aktiengesellschaft, the Joint Dealer Managers and the Tender
Agent request hereby all persons, who come into the possession of the
Invitation Memorandum, to inform themselves about such restrictions and to
comply with them.
End of Corporate News
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18.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IKB Deutsche Industriebank AG
Wilhelm-Bötzkes-StraÃe 1
40474 Düsseldorf
Germany
Phone: +49 (0)211 8221-4511
Fax: +49 (0)211 8221-2511
E-mail: investor.relations@ikb.de
Internet: www.ikb.de
ISIN: DE0008063306
WKN: 806330
Listed: Regulierter Markt in Frankfurt (General Standard)
End of News DGAP News-Service
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132319 18.07.2011
DGAP-News: IKB Deutsche Industriebank AG: IKB begins process of buying back SoFFin-guaranteed bonds
| Source: EQS Group AG