EANS-News: DVB Bank SE placed its inaugural EUR500 million senior unsecured benchmark issue

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financing, Stock Offerings (IPO)/benchmark issue

Frankfurt am Main (euro adhoc) - DVB entered the financial market in a still
fragile environment with a new three-year EUR500 million transaction. It was the
Bank's inaugural euro-denominated senior unsecured benchmark issue and at the
same time the first benchmark transaction out of Germany since February 2012. 

Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors,
commented on this issue as follows:

"This very successful benchmark issue, firstly, elevates our visibility and
strengthens our profile in the financial markets. Secondly, and very
importantly, it broadens DVB's investor base beyond the German co-operative
sector. And we are indeed very pleased about the overwhelming demand from
various types of European investors, highlighting our strong recognition in the
capital markets. The great success of our issuance also encourages us to pursue
our goal of building up a benchmark curve in the foreseeable future."

The transaction was prepared by a series of investor meetings in Germany during
April 2012 resulting in encouraging feedback. Thus, DVB announced and launched
the transaction on Tuesday, 8 May 2012. Books were opened at 03:00 p.m. CET with
an official spread range of mid-swaps +158/+160 basis points. Thanks to a high
number of sizeable high-quality orders, the bookbuilding process went swiftly
and the book was closed at 03:30 p.m. CET, with a fixed spread at the low end of
the spread guidance (mid-swaps +158 basis points). There was huge demand from
various investors (140 accounts) leading to an oversubscribed, highly granular
order book with a total volume of nearly EUR1.0 billion. In order to assure an
orderly and fair allocation process, the deal was finally priced and allocated
on Wednesday, 9 May 2012, at 10:30 p.m. CET.

Further transaction details: 
Issue size: EUR500 million; format: senior, unsecured; maturity date: 15 May
2015; value date: 15 May 2012; coupon: 2.5%, spread: +158 basis points vs.
mid-swap; joint bookrunners: DZ BANK AG, LBBW and UniCredit. 

Banks were the most important investor group, participating with 61%, followed
by funds with 26% and insurance companies with 12%. From a geographical point of
view, accounts from Germany represented the vast majority (88%), followed by
Austria and Switzerland with a combined 6% and investors from Nordic countries
took 4%.

Contact for this press release: 
Elisabeth Winter, Manager Investor Relations: +49 69 9750 4329 -
Boris Siegers, Head of Group Treasury: +49 69 9750 4616 -

Note to Editors: 
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist
in the international transport finance business. The Bank offers integrated
financing solutions and advisory services in respect of Shipping Finance,
Aviation Finance, and Land Transport Finance. The Bank operates out of offices
in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen, Oslo, Piraeus,
Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank SE is listed at the
Frankfurt Stock Exchange (ISIN: DE0008045501). www.dvbbank.com

Further inquiry note:
Elisabeth Winter
Investor Relations
Tel: +49 (0)69-97504-329
E-Mail: elisabeth.winter@dvbbank.com

end of announcement                               euro adhoc 

company:     DVB Bank SE
             Platz der Republik 6
             D-60325 Frankfurt am Main
phone:       +49 (0)69 9750-40
FAX:         +49 (0)69 9750-4444
mail:     info@dvbbank.com
WWW:      http://www.dvbbank.com
sector:      Banking
ISIN:        DE0008045501
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
             standard: Frankfurt 
language:   English

Weitere Meldungen: DVB Bank SE

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