Garching, June 13, 2023 - pbb has initiated the process of a possible partial repurchase of several liabilities and has opened a public tender for this purpose. This concerns four bonds maturing in the years 2024 to 2028 (refer to ad hoc announcement). This measure is standard practice as part of strategic refinancing and liquidity management. The bank is using the successful expansion of retail deposits to optimize its liquidity. The repurchase of public sector covered bonds (Pfandbriefe) is in line with pbb's strategic focus on commercial real estate financing.
Contact to the media:
pbb Deutsche Pfandbriefbank
Sebastian Zehrer
+49 89 2880-11841
sebastian.zehrer(at)pfandbriefbank.com