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Average maturity of unsecured issues lengthened<br />
Unsecured Funding Jan. – Sep. 2010: €6.5 bn<br />
in € bn<br />
Private<br />
Placements<br />
2.3<br />
Avg.<br />
Maturity<br />
6.8 years<br />
2.2<br />
2.0<br />
Eric Strutz CFO <br />
Frankfurt <br />
November 8th, 2010<br />
Retail<br />
Unsecured<br />
Benchmarks<br />
› €1 bn senior unsecured benchmark with 10<br />
year maturity placed in September – second<br />
long-dated benchmark in 2010 (7 year<br />
transaction in March)<br />
› Average maturity of new issuance significantly<br />
increased to 6.8 years vs. 4.3 years in 2009<br />
› Currency diversification, e.g. through USD,<br />
JPY, AUD, and NOK private placements<br />
Covered Bonds Jan. – Sep. 2010: €7.6 bn<br />
in € bn<br />
›<br />
›<br />
Public Sector<br />
Pfandbriefe<br />
Jumbo Public<br />
Sector<br />
Pfandbriefe<br />
(incl. Taps)<br />
Lettres de Gage<br />
1.2<br />
1.75<br />
0.75<br />
Avg.<br />
Maturity<br />
5.1 years<br />
1.7<br />
2.2<br />
Jumbo Mortgage<br />
Pfandbriefe<br />
(incl. Taps)<br />
Mortgage<br />
Pfandbriefe<br />
Pfandbrief funding continues in size<br />
- Successful public sector and mortgage<br />
Jumbos<br />
- €725 m Jumbo taps at attractive funding<br />
levels in Q3 2010<br />
- Constant flow of private placements<br />
Lettres de Gage benchmark by Eurohypo Lux<br />
39
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