IKB Deutsche Industriebank AG : IKB returns SoFFin guarantees early
03/16/2012| 03:07pm US/Eastern
Recommend:
[Düsseldorf, 15 March 2012] After the regular repayment of €
1.1 billion on
13 March 2012, IKB Deutsche Industriebank AG returned an
additional
€ 500 million in SoFFin guarantees ahead of schedule. The
return relates to
€ 250 million for the ISIN DE000A0SMPB1 bond (maturing on 1
February
2013, FRN 3-month EURIBOR) and € 250 million for the ISIN
DE000A0SMPA3 bond (maturing on 2 February 2015, FRN 3-month
EURI- BOR). The current SoFFin guarantees for IKB are
therefore reduced to
€ 4.5 billion. The return was possible due to existing
liquidity surpluses and reduces the SoFFin fees to be paid by
IKB.
IKB Deutsche Industriebank AG is a specialist bank for
corporate financing in Germany and Europe. Its target groups
are small and medium-sized enter- prises as well as
international enterprises and private-equity funds.
Contact:
Dr. Jörg Chittka, Telephone: +49 211 8221-4349;
Recommend :
