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June 18, 2009

Commerzbank places EUR 1 billion benchmark bond

Commerzbank today placed, for the second time in this year, a senior unsecured benchmark bond. The issue has a volume of EUR 1 billion, a maturity of five years and seven months and a coupon of 4.75%. The order book stood at a total of EUR 1.7 billion. The bond was subscribed largely by international, mainly European investors as well as German ones.

“The issue is part of our general refinancing strategy, and the great interest on the part of investors is a further indication of the market’s confidence in Commerzbank,” said Michael Reuther, responsible for the capital markets business in the Board of Managing Directors of Commerzbank. Bookrunner for the transaction was Commerzbank, co-leads were BBVA, BNP Paribas and DZ Bank.

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