Aareal targets real money as third crack at AT1 succeeds

By Graham Bippart
13 Nov 2014

The third time worked the charm for Aareal Bank, when on Thursday it sold what is likely to be its only additional tier one deal after having twice postponed sales this year amid spikes in market volatility.

The German commercial and property lender had been public about its intent to raise AT1 as part of its plan to repay €300m of an original€525m loan extended to it in 2009 from Germany’s bank rescue fund, SoFFin.

It had originally planned to beat the traditional summer lull ...

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