Unsecured and Subordinated Notes

Unbesicherte und nachrangige Wertpapiere

In addition to the main funding instrument, the German Pfandbrief, pbb Deutsche Pfandbriefbank is  a frequent issuer of both unsecured and subordinated notes. They are used to refinancee the non-Pfandbrief-eligible loan portions as well as the over-collateralisation of the cover pools. We offer these notes both in form of liquid, listed Benchmark issuances and as private placements. 

When arranging  private placements we can meet the investors’ individual demands and ideas regarding maturity, currency and structure. Private placements are issued in form of promissory notes as well as registered and bearer bonds.

Given pbbs´good capital ratios and high stock of “Senior non-Preferred” currently we are focusing on A- rated “Senior Preferred” issuances.

Ambition Level for Own Funds and Eligible Liabilities of more than 8% TLOF

(in € as of 30/06/2020)

Funding Sources

Direct Contact

Silvio Bardeschi
Debt Investor Relations

Tel +49 (0) 6196 9990 - 2934
Contact via E-mail 

Silvija Ribaric
Debt Investor Relations

Tel +49 (0) 6196 9990 - 2915
Contact via E-mail 

Additional Information