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January 30, 2009

Commerzbank issues bond totalling 1.5 billion euros

Commerzbank today placed a 1.5 billion Euro senior unsecured bond within 2 hours. The Commerzbank bond has a maturity of five years and a coupon of 5 %. Joint bookrunners for the transaction were Commerzbank and Dresdner Bank, co-leads were BNP Paribas, DZ Bank, DekaBank and UBS.

"The successful issue is an important signal of trust for the bond market and shows that Commerzbank is able to utilize the current positive momentum," says Michael Reuther, responsible for the capital market business in the Board of Managing Directors of Commerzbank. The order book totalled 5.7 billion euros. The bond is to refinance the loan business, in particular with regard to longer-term commitments.

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