German property financier Aareal Bank is offering to repurchase the remaining EUR 2 bn guaranteed bond issued by the German bank stabilisation agency Soffin. In April 2011, Aareal Bank made an early repayment of the second Soffin-guaranteed EUR 2 bn bond due 5 June 2013 which was held on its own books.
German property financier Aareal Bank is offering to repurchase the remaining EUR 2 bn guaranteed bond issued by the German bank stabilisation agency Soffin. In April 2011, Aareal Bank made an early repayment of the second Soffin-guaranteed EUR 2 bn bond due 5 June 2013 which was held on its own books.
The buyback process for the Soffin-guaranteed notes is scheduled to end on 11 July 2011.
The dealer-manager for the transaction and tender agent is Deutsche Bank.
