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February 02, 2012

Commerzbank successful again in the collateralisation market – strong investor interest testifying to confidence in German SMEs

  • Portfolio of mezzanine risks worth around €150m placed
  • Great interest on the part of European investors in the German economy

Commerzbank is continuing its success in the collateralisation market, having issued "CoSMO Finance II-2", which comprises mezzanine capital risks of around €150m from a portfolio of claims of €2bn against German SMEs. This is equivalent to the full placement of the relevant collateralisation tranche. This synthetic transaction does not involve the transfer of the collateralised receivables or disclosure of the relevant borrowers. As the customer exposure is not disclosed to investors, a synthetic transaction does not have any influence on the customer-bank relationship.

"Investors have sent out a clear sign of their confidence in the stability and success of the German economy. The fact that the issue was again substantially oversubscribed testifies to the unabated strong interest which investors have in German SMEs and specifically Commerzbank as Germany¿s largest bank for SMEs," says Dr. Katrin Stark, Divisional Board Member of Strategy and Projects at Commerzbank Mittelstandsbank.


Press contact:
Martin Halusa: +49 170 8528638
Bernd Reh +49 170 9143734





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About Commerzbank
Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Clients, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide. With a future total of some 1,200 branches, Commerzbank has one of the densest networks of branches among German private banks. It has above 60 sites in 50 countries and serves more than 14 million private clients as well as one million business and corporate clients worldwide. In 2010 it posted gross revenues of €12.7 billion with some 59,100 employees.

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Disclaimer
This release contains statements concerning the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of the company as well as expected future net income per share, restructuring costs and other financial developments and information. These forward-looking statements are based on management¿s current expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Commerzbank has no obligation to periodically update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.

Contact

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pressestelle@ commerzbank.com

Phone:
+49(0)69-136-22830

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