News
Valin Funds by IKB and Seer Capital closes Valin Funds Mittelstand Mezzanine 1 with a volume of € 105 million
IKB Deutsche Industriebank AG and Seer Capital Management LP have closed their first common fund: Valin Funds Mittelstand Mezzanine 1 (MM1). The fund has a target capitalisation of € 300 million, and as of the initial closing has a capitalisation of € 105 million. The fund will primarily invest in mezzanine loans to German Mittelstand companies with annual sales above € 50 million.
IKB returns last SoFFin guarantees
IKB Deutsche Industriebank AG has returned the last remaining € 350 million of the SoFFin guarantees early and repaid the SoFFin-guaranteed bond maturing on 2 February 2015.
IKB returns further SoFFin guarantees early
IKB Deutsche Industriebank has returned further SoFFin guarantees totalling € 400 million ahead of schedule. This relates to IKB’s SoFFin-guaranteed bond scheduled to mature on 2 February 2015, ISIN DE000A0SMPA3.
IKB Deutsche Industriebank: Half-yearly figures for the financial year 2012/13
- Consolidated net loss of € 78 million (H1 2011/12: € 312 million)
- New lending business satisfactory
- Tier I ratio 9.4%
- SoFFin guarantee framework reduced to € 750 million
- Financial reporting in accordance with HGB in future
- Sovereign debt crisis and Basel III remain significant risk factors
IKB reduces SoFFin guarantees to € 750 million
IKB Deutsche Industriebank AG has returned further SoFFin guarantees. The return in the amount of € 100 million relates to the bond ISIN DE000A0SMPB1 (scheduled to mature on 1 February 2013). This bond was thereby fully redeemed.
[Corporate News] IKB closes purchase programme for IKB Funding Trust I and IKB Funding Trust II
The IKB Group (IKB) has ended its purchase programme for the listed issues of IKB Funding Trust I, ISIN DE0008592759, and IKB Funding Trust II, ISIN XS0194701487 on 30 October 2012.
IKB returns further SoFFin guarantees early
IKB Deutsche Industriebank AG has returned further SoFFin guarantees ahead of schedule. The return in the amount of € 650 million relates to the bond ISIN DE000A0SMPB1 (scheduled to mature on 1 February 2013, FRN 3-month Euribor).
[Ad-hoc-release]Final extension of deadline for purchase programme for IKB Funding Trust I and IKB Funding Trust II
The IKB Group (IKB) is – for the last time – extending the acceptance period for the invitation to holders of the listed issues IKB Funding Trust I, ISIN DE0008592759, and IKB Funding Trust II, ISIN XS0194701487, to submit offers for sale until 30 October 2012.
IKB returns further SoFFin guarantees early
IKB Deutsche Industriebank AG has returned further SoFFin guarantees in the amount of € 250´million ahead of schedule.
[Ad-hoc-release]IKB extends deadline for purchase programme for IKB Funding Trust I and IKB Funding Trust II
The IKB Group (IKB) is extending the acceptance period for the invitation to holders of the listed issues IKB Funding Trust I, ISIN DE0008592759, and IKB Funding Trust II, ISIN XS0194701487, to submit offers for sale until 2 October 2012. This is subject to change.