Deutsche Pfandbriefbank

Deutsche Pfandbriefbank AG is a German bank that specialises in real estate and public sector financing.[1] As of 2016, it is a constituent of the MDAX trading index of German mid-cap companies.[2] It is based in Unterschleißheim in Bayern, a suburb of Munich. Pfandbriefe is a German term for bonds issued in property financing.

The company was a part of Hypo Real Estate, which was nationalised by the German government during the 2008 financial crisis. It was spun off in 2015 under EU rules on state aid to banks.[3] It was rated by Moody's up to June 2015.[4]

References

  1. ↑ "Company Overview of Deutsche Pfandbriefbank AG". Bloomberg. Retrieved 19 April 2016.
  2. ↑ "MDAX Constituents". Frankfurt Stock Exchange. Deutsche Börse. Retrieved 19 April 2016.
  3. ↑ Gould, Jonathan. "Deutsche Pfandbriefbank eyes flotation". Reuters. Retrieved 19 April 2016.
  4. ↑ "Moody's withdraws ratings on Deutsche Pfandbriefbank AG". Global Credit Research. Moody's. Retrieved 19 April 2016.

External links

This article is issued from Wikipedia - version of the Wednesday, April 20, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.