OLB very successfully places first issue of a senior preferred bond in the amount of EUR 350 million
Meaningful oversubscription indicating strong investor interest
Summary
Meaningful oversubscription indicating strong investor interest
Oldenburgische Landesbank (OLB) successfully placed its first senior preferred bond on the capital market on Tuesday, 24 January 2023, further diversifying its refinancing base. The three-year bond with a volume of 350 million euros was very well demanded by investors and exceeded expectations. The inaugural bond was widely distributed among more than 70 investors. Around two thirds of the bond volume was placed internationally, one third with investors in Germany.
The bank syndicate for the issue, rated Baa2 (positive outlook) by Moody's, was led by Barclays, BNP, Deutsche Bank, Goldman Sachs and UniCredit Group. The final spread was 270 basis points above swap midpoint.
"With the successful senior preferred issue, we have set another successful milestone in our capital market presence. For institutional investors, we are thus becoming a reliable and regular issuer. The high demand reflects the investors' confidence in OLB's performance and prospects, and I am very pleased with the result," says Rainer Polster, Chief Financial Officer of OLB.
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.