Key Developments: Aareal Bank AG (ARLG.DE)
18.68EUR
11:35am EDT
€-0.41 (-2.15%)
€19.09
€19.10
€19.15
€18.52
170,472
203,231
€19.57
€11.65
Latest Key Developments (Source: Significant Developments)
Aareal Bank AG's Chairman of Supervisory Board Resigns
Aareal Bank AG announced that Mr. Hans W. Reich, Chairman of the Supervisory Board of the Company, will retire from the Supervisory Board, prior to the end of his term of office, at the end of General Meeting on May 22, 2013. The Supervisory Board elected Ms. Marija Korsch as its Chairperson, succeeding Mr. Reich. This resolution is subject to Ms. Korsch, who has been a court-appointed member of the bank's Supervisory Board to date, being elected to this board by the General Meeting. Full Article
Aareal Bank AG Sets Pricing On Five Year Covered Bond At Swaps +0.05 Area-DJ
Dow Jones reported that Aareal Bank AG has set pricing on its five-year mortgage-backed covered bond, one of the banks running the deal said on January 14, 2013. Initial price recommendations are in the area of five basis points over the reference midswaps rate. BNP Paribas, Commerzbank, DZ BANK, NORD/LB and UniCredit are the lead managers oF the deal, which will be priced later on January 14, 2013. Full Article
Aareal Bank AG Plans Five Year Covered Bond-DJ
Dow Jones reported that Aareal Bank AG has planned a five year mortgage-backed covered bond, one of the banks running the deal said January 11, 2013. BNP Paribas, Commerzbank, DZ BANK, NORD/LB and UniCredit are the lead managers on the deal, which will be launched at the beginning of next week. Full Article
Aareal Bank AG Affirms FY 2012 Operating Profit Guidance
Aareal Bank AG announced that it has affirmed its forecast for consolidated operating profit for the fiscal year 2012. The Company continues to see potential for achieving fiscal year 2012 consolidated operating profit that is only slightly below last fiscal year 2011 result. For the fiscal year 2011, the Company reported operating profit of EUR 185.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 operating profit of EUR 184.33 million. Full Article
Aareal Bank AG to Issue New Bonds
Aareal Bank AG announced that it will issue notes of 2011/2013 worth EUR 30.00 million with the ISIN DE000A1E88M0 on August 29, 2011 and notes of 2011/2016 worth EUR 10.00 million with the ISIN DE000A1E88L2 on September 2, 2011. Full Article
New Issue-Aareal prices 500 mln euro 2018 bond
Lead Manager(s) BNP Paribas, Deutsche Bank, DZ Bank,
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