EANS-News: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue in 2012

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Company Information

Frankfurt am Main (euro adhoc) - DVB tapped the financial market with
a five-year EUR500 million transaction. This was the Bank's second
euro-denominated senior unsecured benchmark issue in 2012, following
its inaugural three-year EUR500 million benchmark transaction in May.

Wolfgang F. Driese, CEO and Chairman of the DVB's Board of Managing
Directors, commented on this issue as follows:

"This very successful transaction highlights DVB's strong recognition
in the capital markets it further broadens and diversifies our
investor base. Our objective is to build a euro-denominated senior
unsecured benchmark curve."

In conjunction with the bank syndicate DVB decided to benefit from
the overall favourable market environment and to issue a no grow
benchmark transaction. Books were opened on Thursday, 23 August 2012
at 09:00 a.m. CET. There was strong demand from various investors
(175 accounts in total) leading to an oversubscribed, highly granular
order book which was closed at 10:15 a.m. CET with a total volume of
above EUR1.2 billion. The final spread was fixed at mid-swaps +150
basis points and pays an annual fixed coupon of 2.50%.

Banks and asset managers were the most important investor groups,
participating with 43% and 41% respectively, followed by insurance
companies with 13% and central banks with another 2%. As expected,
German investors took the lion's share with 77% followed by Nordic
Countries, Austria and Switzerland with 7% each. Investors from the
Middle East completed the picture.

Transaction details at a glance:
ISIN: XS0822316765
Issue size: EUR500 million
Format: senior, unsecured
Maturity date: 30 August 2017
Value date: 30 August 2012
Coupon: 2.5%
Spread: +150 basis points vs. mid-swaps
Joint bookrunners: DZ BANK AG, LBBW and UniCredit

Contact for this press release:
Boris Siegers, Head of Group Treasury: +49 69 9750 4616 -
boris.siegers@dvbbank.com
Elisabeth Winter, Head of Investor Relations: +49 69 9750 4329 -
elisabeth.winter@dvbbank.com

Note to editors: DVB Bank SE, headquartered in Frankfurt/Main,
Germany, is the leading specialist in the international Transport
Finance business. The Bank offers integrated financing solutions and
advisory services in respect of Shipping Finance, Aviation Finance,
and Land Transport Finance. DVB is present at key international
financial centres and transport hubs: at its Frankfurt/Main head
office, as well as various European locations (Athens, Bergen,
Hamburg, London, Oslo, Rotterdam and Zurich), plus offices in the
Americas (New York City and Curaçao) and in Asia (Singapore and
Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN:
DE0008045501). www.dvbbank.com

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Further inquiry note:
Elisabeth Winter
Head of Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

end of announcement euro adhoc
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company: DVB Bank SE
Platz der Republik 6
D-60325 Frankfurt am Main
phone: +49 (0)69 9750-40
FAX: +49 (0)69 9750-4444
mail: info@dvbbank.com
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
standard: Frankfurt
language: English