pbb stock up 6.5% as lender completes flotation

Shares in newly-floated pbb Deutsche Pfandbriefbank started trading today at €11.45 each, a 6.5% premium over the €10.75 issue price. Hypo Real Estate (HRE), pbb’s owner, along with the syndicate banks and Germany’s Federal Agency for Financial Market Stabilisation, had set the offer price yesterday at €10.75 each.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this