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.