Aareal Bank Successfully Places AT1 Capital

EQS-News: Aareal Bank AG / Key word(s): Issue of Debt
Aareal Bank successfully places AT1 capital
15.01.2025 / 18:56 CET/CEST
The issuer is solely responsible for the content of this announcement.

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THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

Aareal Bank successfully places AT1 capital

Wiesbaden, 15 January
2025 – Aareal Bank AG today has successfully placed Additional Tier 1 (AT1) capital instruments in the form of perpetual subordinated notes in an aggregate nominal amount of USD 425 million, carrying a coupon of initially 9.875 per cent p.a. With a broadly diversified order book, the issue was significantly oversubscribed. Settlement of the issuance is expected to occur on 22 January 2025.

The notes will be issued under the authorisation granted by the Annual General Meeting in 2023. They serve to further optimise the Bank's capital structure. The notes have a first call date on 31 July 2030 and a denomination of USD
200,000. Morgan Stanley acted as Global Coordinator and BofA Securities, Citi, Goldman Sachs Bank Europe SE, Morgan Stanley and UBS Investment Bank acted as Joint Lead Managers on the transaction.

Andy Halford, Chief Financial Officer of Aareal Bank, commented:“Today's AT1 notes placement was a seamless continuation of last year's successful issuance activities. The good investor interest shows that Aareal Bank is an issuer with a strong reputation in capital markets. We like to thank all investors for the commitment and trust they place in us.”

Contacts for the media:

Christian Feldbrügge
Phone: +49 611 348 2280
Mobile: +49 171 8667919
...

Thomas Rutzki
Phone: +49 611 348 2947
Mobile: +49 170 5431458
...

Contact for investors:

Aareal Bank AG – Investor Relations
Phone: +49 611 348 3009
...

About Aareal Bank Group

Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. The Bank uses its expertise to identify trends, challenges and opportunities at an early stage, and to exploit them for the benefit of its stakeholders. Aareal Bank Group provides financings, banking services and payments solutions for the property sector and related industries, and is present across three continents: Europe, North America and the Asia/Pacific region. Aareal Bank Group's business strategy focuses on sustainable business success, with environmental, social and governance (ESG) aspects as an integral part of this strategy.

Aareal Bank AG comprises the business segments Structured Property Financing and Banking
& Digital Solutions. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank supports its clients in making large-volume commercial property investments. The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and energy industries as a digitalisation partner – combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking.

IMPORTANT NOTICE

This announcement does not constitute an invitation to purchase securities in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by Aareal Bank AG to inform themselves about, and to observe, any such restrictions.

This announcement is not an offer to buy or sell, or a solicitation of an offer to sell or buy, any securities in the United States or any other jurisdiction. Securities may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the United States Securities Act of 1933, as amended (the " Securities Act "). The securities have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States.

15.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
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