Commentary & Deal Flow

Deutsche Kreditbank AG (ticker: "DKRED"), rated expected Aaa by Moody's, has mandated a syndicate of banks to lead manage a new transaction. The issuer is available for 1-on-1 investor calls upon request.

An expected € Benchmark, 12 year maturity, Mortgage Covered Bond (Hypothekenpfandbrief) offering will be launched and priced in the near future, subject to market conditions.

• Joint Bookrunners: BayernLB, Commerzbank, DZ BANK, ERSTE Group, Société Générale and UniCredit
• Target Market (MiFID II): The manufacturing target market for the bonds are eligible counterparties, professional clients and retail clients (all channels for distribution of the bonds are appropriate).