Deutsche Pfandbriefbank AG

PBB

DE0008019001

Banks

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Deutsche Pfandbriefbank : Disclosure Report (31.12.2023) - Main Features of Capital Instruments

May 03, 2024 at 06:51 am EDT

Disclosure Report

In accordance with Part 8 of the Capital Requirements Regulation (CRR)

Main features of capital instruments

As of 31 December 2023

Deutsche Pfandbriefbank Group

		Hauptmerkmale der Kapitalinstrumente

			Common Equity Tier 1 capital
		1
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		DE0008019001
2a	Public or private placement		Public
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		n/a
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		CET1
5	Post-transitional CRR rules		CET1
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Shares
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	380
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	380
EU-9a	Issue price		n/a
EU-9b	Redemption price		n/a
10	Accounting classification		Capital stock
11	Original date of issuance		Varying
12	Perpetual of dated		Indefinite
13	Original maturity date		No maturity
14	Issuer call subject to prior supervisory approval		No
15	Option call date, contingent call dates an redemption amount		n/a
16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		n/a
18	Coupon rate and any related index		n/a
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Fully discretionary
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Fully discretionary
21	Existence of step up or other incentive to redeem		n/a
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Non-convertible
24	If convertible, conversion trigger(s)		n/a
25	If convertible, fully or partially		n/a
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		n/a
28	If convertible, specify instrument type converible into		n/a
29	If convertible, specify issuer of instrument it converts into		n/a
30	Write-down features		n/a
31	If write-down,write-down trigger(s)		n/a
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	1
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		AT1 instruments

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
			www.pfandbriefbank.com
37a	Link to the full term and conditions of the intrument (signposting)		under Investors /
			Equity Investors / Shares

BaFin: Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority), national resolution authority in Germany,
SRB: Single Resolution Board, European resolution authority
Line 8 of the supplementary capital instruments (Tier 2) shows the amount eligible for regulatory own funds in each case (i.e. not the amount that can be offset against the eligible liabilities).

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Additional Tier 1 capital
		2
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		XS1808862657
2a	Public or private placement		Public
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		AT1
5	Post-transitional CRR rules		AT1
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Bearer bond
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	298
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	300
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Hybrid equity capital
11	Original date of issuance	19.04.2018
12	Perpetual of dated		Unlimited
13	Original maturity date		No maturity
14	Issuer call subject to prior supervisory approval		Yes
			28.04.2023 (First call) and
15	Option call date, contingent call dates an redemption amount		early termination / repayment
	possible for regulatory and/or

			tax reasons
16	Subsequent call dates, if applicable		after 28.04.2023 every 5 years
	on the the Interest Reset Date

	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
		8,474%
18	Coupon rate and any related index		(Five-Year-Euro-Mid-Swap-Rate
			plus 5.383%)
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Partially discretionary
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Partially discretionary
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		Noncumulative
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		Yes
			Below the CET1 capital ratio
			of 7,00% (Minimum CET1 ratio),
31	If write-down,write-down trigger(s)		threat to continued existence
			BaFin / SRB
			legal approach
32	If write-down, full or partial		partial
33	If write-down, permanent or temporary		temporary
			At the discretion of issuer,
34	If temporaty write-down, description of write-up mechanism		write-up pari passu with other AT1 instru-
	ments, MDA pursant to CRR must not be

			exceeded
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	2
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		Tier 2 instruments

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
			www.bourse.lu
37a	Link to the full term and conditions of the intrument (signposting)		(Luxembourg Stock Exchange)
	under Securities / ISIN Code:

			XS1808862657

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		3
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		HG_SSD_0088286364000
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Borrower' s note
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	3.8
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	10
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	18.11.2005
12	Perpetual of dated		With expiry date
13	Original maturity date	18.11.2025
14	Issuer call subject to prior supervisory approval		Yes
15	Option call date, contingent call dates an redemption amount	18.11.2015
16	Subsequent call dates, if applicable		k.A.
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	4.650%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		No
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		4
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		NP000940
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Borrower' s note
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	0.8
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	2
EU-9a	Issue price	98%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	29.01.2016
12	Perpetual of dated		With expiry date
13	Original maturity date	29.01.2026
14	Issuer call subject to prior supervisory approval		Yes
15	Option call date, contingent call dates an redemption amount		Early termination / repayment
	possible for regulatory reasons

16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	3.950%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		No
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		5
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		HI_SSD_0000079734000
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Borrower' s note
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	1.1
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	2.5
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	09.03.2006
12	Perpetual of dated		With expiry date
13	Original maturity date	09.03.2026
14	Issuer call subject to prior supervisory approval		No
15	Option call date, contingent call dates an redemption amount		n/a
16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	4.530%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		No
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		6
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		DE0007025140
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Bearer bond
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	0.7
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	6
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	13.03.2001
12	Perpetual of dated		With expiry date
13	Original maturity date	13.03.2026
14	Issuer call subject to prior supervisory approval		No
15	Option call date, contingent call dates an redemption amount		n/a
16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	6.550%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		no
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
			www.pfandbriefbank.com
			under Investors /
37a	Link to the full term and conditions of the intrument (signposting)		Debt Investors /
			Final Terms /
			Subordinated notes

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		7
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		HI_SSD_0000089044000
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Registered bond
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	2.3
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	5
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	04.05.2006
12	Perpetual of dated		With expiry date
13	Original maturity date	04.05.2026
14	Issuer call subject to prior supervisory approval		Yes
15	Option call date, contingent call dates an redemption amount	04.05.2016
16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	5.125%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		no
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		8
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		NP000982
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Borrower' s note
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	2.4
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	5
EU-9a	Issue price	99.8%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	18.05.2016
12	Perpetual of dated		With expiry date
13	Original maturity date	18.05.2026
14	Issuer call subject to prior supervisory approval		Yes
15	Option call date, contingent call dates an redemption amount		Early termination / repayment
	possible for regulatory reasons

16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	3.880%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		no
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023

		Hauptmerkmale der Kapitalinstrumente

			Tier 2 capital
		9
	Main features
1	Issuer		Deutsche Pfandbriefbank AG
2	Unique identifier (eg CUSIP, ISIN or internal identifier)		HI_SSD_0000079854000
2a	Public or private placement		Private
3	Governing law(s) of the instrument		German
3a	Contractual recognition of write down and conversion powers of resolution authorities		Yes
	Regulatory treatment

4	Current treatment taking into account, where applicable, transitional CRR rules		Tier 2
5	Post-transitional CRR rules		Tier 2
6	Eligible at solo/(sub-)consolidated/solo&(sub-)consolidated		consolidated basis
	(pbb Group)

7	Instrument type (types to be specified by each jurisdiction)		Borrower' s note
8	Amount recognised in regulatory capital or eligible liabilities (Currency in million, as of most	2.7
recent reporting date)		On regulatory capital

9	Nominal amount of instrument	5
EU-9a	Issue price	100%
EU-9b	Redemption price	100%
10	Accounting classification		Liabilities carried forward at cost
11	Original date of issuance	28.08.2006
12	Perpetual of dated		With expiry date
13	Original maturity date	28.08.2026
14	Issuer call subject to prior supervisory approval		Yes
15	Option call date, contingent call dates an redemption amount	28.08.2016
16	Subsequent call dates, if applicable		n/a
	Coupons / dividends

17	Fixes or floating dividend/coupon		Fix
18	Coupon rate and any related index	5.040%
19	Existence of a dividend stopper		No
EU-20a	Fully discretionary, partially discretionary or mandatory (in terms of timing)		Mandatory
EU-20b	Fully discretionary, partially discretionary or mandatory (in terms of amount)		Mandatory
21	Existence of step up or other incentive to redeem		No
22	Noncumulative or cumulative		n/a
23	Convertible or non-convertible		Convertible
			Threat to continued existence
24	If convertible, conversion trigger(s)		BaFin / SRB
			legal approach
25	If convertible, fully or partially		Whole or partial
26	If convertible, conversion rate		n/a
27	If convertible,mandatory or optional conversion		Compulsory
28	If convertible, specify instrument type converible into		CET1
29	If convertible, specify issuer of instrument it converts into		Deutsche Pfandbriefbank AG
30	Write-down features		No
			Threat to continued existence
31	If write-down,write-down trigger(s)		BaFin / SRB
			legal approach
32	If write-down, full or partial		n/a
33	If write-down, permanent or temporary		n/a
34	If temporaty write-down, description of write-up mechanism		n/a
34a	Type of subordination (only for eligible liabilities)		n/a
EU-34b	Ranking of the instrument in normal insolvency proceedings	3
35	Position in subordination hierarchy in liquidation (specify instrument type		Junior to
immediately senior to instrument)		non-subordinated liabilities

36	Non-compliant transitioned features		No
37	If yes, specify non-compliant features		n/a
37a	Link to the full term and conditions of the intrument (signposting)		n/a

Deutsche Pfandbriefbank Group

Disclosure Report as of 31.12.2023 10

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Deutsche Pfandbriefbank AG published this content on 03 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2024 10:50:10 UTC.

Latest news about Deutsche Pfandbriefbank AG

PBB DEUTSCHE PFANDBRIEFBANK : EPS upgrade (2024: +7.2%, 2025: +0.0%)	May. 17
DEUTSCHE PFANDBRIEFBANK : Deutsche Bank sticks Neutral	May. 16	ZD
PBB DEUTSCHE PFANDBRIEFBANK : Solid Q1 figures, earnings above the consensus	May. 14
Deutsche Pfandbriefbank wants to sell off many US loans - share gains	May. 14	DP
DEUTSCHE PFANDBRIEFBANK : Warburg Research gives a Buy rating	May. 14	ZD
Germany’s pbb to Sell EUR900 Million Loan Assets; Blackstone Said in Talks for Portfolio	May. 14	MT
Deutsche Pfandbriefbank earns slightly more again after imbalance	May. 14	DP
Deutsche Pfandbriefbank AG Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 13	CI
Transcript : Deutsche Pfandbriefbank AG, Q1 2024 Earnings Call, May 14, 2024	May. 13
Indexes already back on top	May. 10
DEUTSCHE PFANDBRIEFBANK : Receives a Buy rating from Warburg Research	May. 02	ZD
DEUTSCHE PFANDBRIEFBANK : Deutsche Bank remains Neutral	Apr. 29	ZD
PBB DEUTSCHE PFANDBRIEFBANK : EPS cut (2023: -6.1%, 2024: -1.0%)	Apr. 19
DEUTSCHE PFANDBRIEFBANK : Warburg Research reaffirms its Buy rating	Apr. 10	ZD
Real estate shares under pressure - interest rate uncertainty weighs on stocks	Apr. 02	DP
Germany is only halfway through property crisis, says Commerzbank real estate boss	Mar. 14	RE
Analysis-Property titans seek clues in Cannes for market turnaround	Mar. 13	RE
European banks' bumpy recovery a year after Credit Suisse collapse	Mar. 13	RE
Deutsche Bank wants to cut its costs even further - shares among the top DAX performers	Mar. 12	DP
PBB DEUTSCHE PFANDBRIEFBANK : EPS upgrade (2023: +19.9%, 2024: -3.4%)	Mar. 08
DEUTSCHE PFANDBRIEFBANK : Warburg Research reaffirms its Buy rating	Mar. 08	ZD
Deutsche Pfandbriefbank AG Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 07	CI
Deutsche Pfandbriefbank AG Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Mar. 07	CI
PBB DEUTSCHE PFANDBRIEFBANK : Dividend cancelled, positive but vague outlook	Mar. 07
Dpa-AFX Overview: COMPANIES from 07/03/2024 - 10:15 am	Mar. 07	DP

Chart Deutsche Pfandbriefbank AG

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Company Profile

Deutsche Pfandbriefbank AG is a Germany-based bank for real estate finance and public investment finance. The Company is engaged in three core business areas: Public Sector Finance, Real Estate Finance and Debt Instruments. Public Sector Finance includes the financing of public sector investments in the fields of infrastructure, municipal and residential construction, utilities and healthcare. In addition, it provides investment lending and debt management. Real Estate Finance includes real estate investment funding and financing instruments, such as financing investment projects, portfolio financing, standby facilities and derivatives. Debt Instruments includes fixed income bonds involving issuing mortgage and public sector debentures. The Company is active in Europe, notably in France, the United Kingdom, Benelux countries, Nordic countries, Switzerland, Spain, Hungary, and the Czech Republic. The Company is a part of the HRE Group, which is wholly owned by the German government.

Sector

Banks

Calendar

2024-06-04 - Annual General Meeting

More about the company

Income Statement Evolution

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Analysis / Opinion

PBB DEUTSCHE PFANDBRIEFBANK : EPS upgrade (2024: +7.2%, 2025: +0.0%)

May 17, 2024 at 06:50 am EDT

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Ratings for Deutsche Pfandbriefbank AG

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.69 EUR

Average target price

5.917 EUR

Spread / Average Target

+3.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Retail & Mortgage Banks

	1st Jan change	Capi.
DEUTSCHE PFANDBRIEFBANK AG	-8.15%	839M
AL RAJHI BANKING AND INVESTMENT CORPORATION	-10.06%	83.18B
FIRSTRAND LIMITED	-7.85%	20.79B
CAPITEC BANK HOLDINGS LIMITED	+10.87%	14.24B
FEDERAL NATIONAL MORTGAGE ASSOCIATION	+42.06%	8.72B
PENNYMAC FINANCIAL SERVICES, INC.	+3.30%	4.65B
LIC HOUSING FINANCE LIMITED	+19.51%	4.3B
WALKER & DUNLOP, INC.	-14.21%	3.21B
WSFS FINANCIAL CORPORATION	-4.27%	2.64B
CATHAY GENERAL BANCORP	-18.69%	2.64B

Retail & Mortgage Banks

Deutsche Pfandbriefbank AG

Equities

PBB

DE0008019001

Banks

Deutsche Pfandbriefbank : Disclosure Report (31.12.2023) - Main Features of Capital Instruments

EPS Revisions

Quarterly revenue - Rate of surprise