OLB successfully optimizes its capital structure by its first issuance of a EUR 170 million Tier 2 bond
Strong investor demand leading to a successful debut for OLB in the Tier 2 space
Strong investor demand leading to a successful debut for OLB in the Tier 2 space
Oldenburgische Landesbank AG (OLB) successfully placed its first Tier 2 bond on the capital market on Wednesday, 17 January 2024. The 10.25NC5.25 bond with a final size of 170 million euros was very well received by investors and 1.6times oversubscribed. After two days of roadshow and positive feedback from core investors OLB decided to move ahead on Wednesday.
"With our successful inaugural Tier 2 issuance, we have set another important milestone in our capital market presence. With our first Covered Bond and AT1 in 2021, followed by another Covered Bond in 2022, our inaugural Senior Preferred in 2023 and the new Tier 2 we now have access to the full range of refinancing and capital instruments. Sub-benchmark issuances are particularly challenging, for issuers as well as for institutional investors. We are proud and honored that more than 35 investors trusted us again and continue to support our sustainable and highly profitable growth path at OLB. We are committed to be a reliable partner for our investors and over time become an even more regular issuer across the funding and capital space. The strong demand reflects the investors' confidence in OLB's performance and prospects, and I am once more very pleased with the result", says Rainer Polster, Chief Financial Officer of OLB.
The bank syndicate for the issue, rated Ba1 (positive outlook) by Moody's, was led by Deutsche Bank, Goldman Sachs Bank Europe SE and UBS Investment Bank as Joint Bookrunners.
About OLB
OLB is a universal bank with a nationwide presence in Germany and more than 150 years of history in north-west Germany. Under the OLB and Bankhaus Neelmeyer brands, it serves around one million customers in the two strategic business areas of Private & Business Customers and Corporates & Diversified Lending, both in person and via digital channels. The institution has a network of 80 branches nationwide and employs around 1,700 people.
With total assets of over EUR 30 billion, OLB became a significant financial institution at the beginning of 2025 and has since been directly supervised by the European Central Bank. Since January 2026, OLB has been part of TARGO Deutschland GmbH and is thus part of the cooperative Crédit Mutuel Alliance Fédérale, one of the largest and financially strongest banking groups in Europe.
Feel free to visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.
Contact
Britta Silchmüller
Phone: +49 (0)441 221 1213
E-Mail: britta.silchmueller@olb.de
Timo Cyriacks
Phone: +49 (0)441 221 1781
E-Mail: timo.cyriacks@olb.de
Matthias Obst
Phone: +49 (0)69 756193 44
E-Mail: matthias.obst@olb.de
Disclaimer
This information does not contain any offer to acquire or subscribe for securities, nor should it be construed as an invitation to do so. The opinions expressed herein reflect our current assessment, which is subject to change even without prior notification.
The information contained in this communication includes financial and similar data that has not been audited or reviewed by auditors and should be considered preliminary and subject to change. Furthermore, this document does not constitute, in whole or in part, a sales prospectus or other stock exchange prospectus. The information contained in this document therefore provides only an overview and should not form the basis for a potential decision by an investor to buy or sell securities.
This document has been prepared and published by Oldenburgische Landesbank AG, Oldenburg. The information has been carefully researched and is based on sources deemed to be reliable by Oldenburgische Landesbank AG. However, the information may no longer be up-to-date and may be obsolete by the time you receive this document. Furthermore, it cannot be ensured that the information is correct and complete. Oldenburgische Landesbank AG therefore assumes no liability for the contents of the information.
In addition, this document contains various forward-looking statements and information based on the management’s beliefs and on assumptions and information currently available to the management of Oldenburgische Landesbank AG. Considering the known and unknown risks associated with the business of Oldenburgische Landesbank AG as well as uncertainties and other factors, the future results, performances and outcomes may differ from those deduced from such forward-looking or historical statements. The forward-looking statements speak only as of the date of this document. Oldenburgische Landesbank AG expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements to reflect any change in its expectations with regard thereto or any changes in events, conditions or circumstances on which any forward-looking statements are based. Any persons receiving this document should not give undue influence to such historical statements and should not rely on such forward-looking statements.
This document also contains certain financial measures that are not recognized under IFRS or German GAAP (“HGB”). These alternative performance measures are presented because Oldenburgische Landesbank AG believes that they and similar measures are widely used in the markets in which it operates as a means of evaluating its operating performance and financing structure. They may not be comparable to other similarly titled measures of other companies and are not measurements under IFRS, HGB or other generally accepted accounting principles.