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Press Releases

MünchenerHyp very successfully issues US dollar denominated Mortgage Pfandbrief

14.07.2016 - Münchener Hypothekenbank eG has again issued a US dollar denominated benchmark Mortgage Pfandbrief.
The 3-year Pfandbrief has a volume of USD 600 million and a coupon of 1.375 percent. Pricing of the bond has been fixed at a Euro equivalent of 6 month Euribor of minus 10.5 basis points – a price level that was far beyond prices attained thus far by this year’s euro-denominated Pfandbrief issues.

Demand for the Pfandbrief was very high and primarily driven by international investors. The order was closed within a short time after orders for more than USD 900 million were received. A total of 33 orders from 14 countries on three continents were received. Most of the orders, 38 percent, came from Germany followed by investors located in Africa and the Middle East with almost 18 percent, and Austria/Switzerland accounting for 11 percent of the orders. The largest group of investors, accounting for 45 percent of the volume sold, consisted of supranationals, agencies and sovereign wealth funds.

“This issue enabled us to win new investors who do not usually subscribe to new euro-denominated Pfandbrief issues. This further strengthens our investor base and at the same time reflects the high reputation our Pfandbriefe have earned internationally “, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank’s Board of Management.

The transaction was accompanied by Barclays, Deutsche Bank, DZ Bank, Goldman Sachs and Nomura. The rating agency Moody’s has given its highest rating of Aaa to MünchenerHyp’s Mortgage Pfandbriefe.

Disclaimer:

Our providing of information on this document does not, and is not intended to nor shall it be construed to, constitute an offer to sell or a solicitation of any offer to buy any securities by or on behalf of Münchener Hypothekenbank eG or any of its affiliates in any jurisdiction. Securities discussed herein may not be eligible for sale in certain jurisdiction or to certain persons and may not be suitable for all types of investors, and the same may apply with regard to the distribution of any information made available on this document that pertains to these securities. In particular, this document are not an offer of securities in the United States of America, and securities of Münchener Hypothekenbank eG may not be offered or sold in the United States of America absent registration under the U.S. Securities Act of 1933 or an exemption from registration. Münchener Hypothekenbank eG does not intend to register any offering of securities in the United States of America nor any public offer.

Neither Münchener Hypothekenbank eG nor any of its affiliates have taken any steps to ensure that the securities referred to in this document are suitable for any particular investor. Accordingly, nothing in this document should be regarded as investment advice being provided by Münchener Hypothekenbank eG or any of its affiliates or a solicitation or a recommendation by Münchener Hypothekenbank eG or any of its affiliates that any particular investor should subscribe, purchase, sell, hold or otherwise deal in any securities. The viewer is exclusively responsible for conducting his or her own investigation and analysis of the information in the websites and for evaluating the merits and risks involved in investing in the securities that are referred to herein. Before making any investment decision, viewers should refer to existing public information and obtain professional advice.

THE INFORMATION CONTAINED ON THIS DOCUMENT ARE NOT DIRECTED AT AND MAY NOT BE VIEWED BY OR DISTRIBUTED TO ANY PERSON RESIDENT IN THE UNITED STATES OF AMERICA.

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MünchenerHyp: Sustainability rating raised to C+ – Prime status confirmed

16.06.2016 - oekom research’s latest sustainability rating for Münchener Hypothekenbank eG has positioned the Bank as one of the agency’s top three rated banks in the category of “Financials/Mortgage & Public Sector Finance”.

This resulted from the agency raising MünchenerHyp’s rating from C to C+. oekom research’s individual rating for the Bank’s ecological commitment is B-, while its rating for the Bank’s social commitment is C+. At the same time the agency confirmed the Bank’s Prime Status.

Among the reasons mentioned by the agency for their improved ratings was the quality of the Bank’s loan portfolio in terms of its social and ecological aspects. In addition, the Bank’s responsible manner of working with customers as well as the introduction of the MünchenerHyp Sustainability Loan in 2015 were also mentioned.

“We are pleased that our efforts to solidly anchor the concept of sustainability deeply within MünchenerHyp’s core area of business has been confirmed by the latest rating received from oekom research. This improved rating motivates us even more to continue our efforts in this direction, said Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank Board of Management.

oekom research is one of the leading international sustainability rating agencies and has rated 59 banks in the category “Financials/Mortgage & Public Sector Finance”. Currently, the best rating in this category is C+, which is held by about 10 percent of the rated institutions.

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Dr. Louis Hagen elected President of the Association of German Pfandbrief Banks

02.06.2016 - Dr. Louis Hagen, Chairman of the Münchener Hypothekenbank eG Board of Management was elected as President of the Association of German Pfandbrief Banks (vdp) during today’s members’ meeting of the Association.

Hagen has been a member of the vdp Board of Management since 2010 and previously served as the Chief Executive of the Association from 2001 until 2009. He became a member of Münchener Hypothekenbank’s Board of Management in 2009 and was subsequently named its Chairman in March 2016.

“The Supervisory Board of MünchenerHyp congratulates Dr. Hagen on his election as the President of one of the central associations in the German banking sector. He has already made major contributions towards the further development of the Pfandbrief and successfully guided the progress of MünchenerHyp during difficult times. We wish him great success in mastering the challenges he will face as President“, said Wolfhard Binder, Chairman of Münchener Hypothekenbank’s Supervisory Board and the Chairman of the Board of Management of Raiffeisen-Volksbank Ebersberg eG.

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GFW Capital ends silent participation with Münchener Hypothekenbank

04.05.2016 - Münchener Hypothekenbank eG announced today that it has signed an agreement with GFW Capital GmbH to terminate a silent participation in the Bank effective 30 June 2016. This agreement will allow GFW Capital to redeem a bond it issued to refinance the silent participation.
The bond will also be redeemed on 30 June 2016.

GFW Capital has given notice today that it will redeem the bond (ISIN: XS0237509293) on 30 June 2016.

Due to new regulatory requirements regarding the eligibility of equity capital, the volume of silent participations eligible to be counted as Tier 1 capital will continuously decline on a yearly basis and stop at the end of a transitional period that will conclude in 2022. This background was the basis for today’s agreement with GFW Capital to end its silent participation with MünchenerHyp. The Bank plans to continue increasing its common equity Tier 1 capital by raising additional paid-up capital from shareholders.

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Ad hoc Announcement: GFW Capital GmbH makes use of its right to call the Capital Notes for redemption with effect on 30 June 2016

04.05.2016 - EUR 140,000,000 Capital Notes (Capital Notes) issued by GFW Capital GmbH (Gräfelfing, Germany).

ISIN: XS0237509293
Common Code: 023750929
WKN: A0JCC9

Today and with effect as of 30 June 2016 GFW Capital GmbH (the Issuer) calls the Capital Notes for redemption pursuant to § 8 paragraph 1 of the terms and conditions of the Capital Notes and within the notice period provided for therein.

Redemption of the Capital Notes at their nominal amount of EUR 1,000 per Capital Note plus interest accrued from and including 30 June 2015 to but excluding 30 June 2016 in the amount of EUR 60 per Capital Note will be made on 30 June 2016.

Gräfelfing, 4 May 2016
GFW Capital GmbH

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