Published on 9/30/2021 in the Prospect News Preferred Stock Daily.
New Issue: DZ Bank prices $15 million 1.1% preferred senior notes due 2027
By Marisa Wong
Los Angeles, Sept. 30 – DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main priced $15 million of 1.1% fixed-rate preferred senior notes due 2027 (A+/AA) at par, according to a term sheet.
DZ Bank is the dealer.
Proceeds will be used for financing the Frankfurt-based commercial bank’s business.
| Issuer: | DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
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| Issue: | Fixed-rate preferred senior notes
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| Amount: | $15 million
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| Maturity: | Dec. 20, 2027
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| Dealer: | DZ Bank
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| Coupon: | 1.1%
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| Price: | Par
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| Yield: | 1.1%
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| Call option: | No
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| Put option: | No
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| Pricing date: | Sept. 30
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| Subscription period: | Sept. 30-Oct. 29
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| Settlement date: | Nov. 2
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| Ratings: | S&P: A+
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| Fitch: AA
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| Listing: | Frankfurt
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| ISIN: | XS2392997503
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