Wiesbaden, 1 March 2017 – The Aareal Bank Capital Funding Trust will terminate its outstanding Trust Preferred Securities (ISIN: XS0138973010) today, and redeem all of the 10,000,000 Trust Preferred Securities on the next scheduled repayment date of 31 March 2017, at a redemption price of 100%, equivalent to a total of €250 million, plus accrued interest.
"With this measure, we consistently pursue our goal of permanently optimising Aareal Bank Group's capital structure. We are in a position to take this step thanks to our very good capitalisation and liquidity position", said Hermann J. Merkens, Chairman of the Management Board of Aareal Bank AG. The European Central Bank has granted its required approval of the redemption.
