DGAP-Adhoc: Landesbank Baden-Württemberg plans to issue additional tier 1 bonds
DGAP-Ad-hoc: Landesbank Baden-Württemberg / Key word(s): Bond
Landesbank Baden-Württemberg plans to issue additional tier 1 bonds
17-Oct-2019 / 14:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Board of Managing Directors of Landesbank Baden-Württemberg (LBBW) has decided to establish a programme for the issuance of subordinated bonds, which meet the criteria set out in the Capital Requirements Regulation (CRR) for additional tier 1 capital (AT 1). Issues may be made in an aggregate volume of up to 1.5 bn EUR until end of 2020. The issues serve to further strengthen and structurally optimise LBBW's capital. The issuance of the bonds is subject to the approval of LBBW's shareholders' meeting and subject to market conditions. First issues are planned for 2019.
**********Disclaimer
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities. This announcement and the information therein may not be taken, transmitted into or distributed in the United States of America, Canada, Japan, Australia, or in any jurisdiction in which to do so would be unlawful.
17-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Landesbank Baden-Württemberg
Am Hauptbahnhof 2
70173 Stuttgart
Germany
Phone:
0711-127-73634
Fax:
0711-127-71947
E-mail:
Oliver.Lier@LBBW.de
Internet:
www.lbbw.de
ISIN:
DE0007062572
WKN:
706257
Listed:
Regulated Market in Stuttgart; Regulated Unofficial Market in Frankfurt
EQS News ID:
890537
Informationen zu weiteren Finanzinstrumenten entnehmen Sie bitte den folgenden Webseiten:
1. Deutsche Website:
www.LBBW.de/Investor Relations/IR-Meldungen
Zugehöriger Link:
https://www.lbbw.de/konzern/news-and-service/investor-relations/ir-meldungen_7u12dygor_d.html
2. Englische Website:
www.LBBW.com/Investor Relations/IR Reports
Zugehöriger Link:
https://www.lbbw.de/group/news-and-service/investor-relations/ir-reports_7u12dygor_e.html
End of Announcement
DGAP News Service
890537 17-Oct-2019 CET/CEST