Prospect Capital Corp. 6.25% Notes Due 2024 (NYSE:PBB)
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2 Years : From Jul 2017 to Jul 2019
Due to expected sound performance over the first six months of this
year, pbb raises 2018 full-year guidance for pre-tax profit to
As the first half of the year is expected to show sound performance, the
Management Board of Deutsche Pfandbriefbank AG (pbb) has today raised
its original expectations for 2018 consolidated full-year pre-tax profit
(IFRS) of between EUR150 million and EUR170 million to between EUR175
million and EUR195 million. The new guidance includes, as planned,
increased pressure on net interest income as well as an increase in
general and administrative expenses; furthermore, it continues to factor
in estimated risk costs for the full year.
pbb expects profit before taxes in the region of EUR120 million for the
first half of 2018. For the second quarter of 2018, pbb sees stable net
interest income, continued low risk costs and general and administrative
expenses on the good previous quarter's level. In addition, a
non-recurring effect was recognised from a conditional additional
purchase price claim in connection with accepting a buy-back offer for
Heta Asset Resolution AG debt securities in 2016.
Compared to the first quarter, new business volume (including extensions
of more than one year) rose slightly in the second quarter of 2018.
However, due to strong competitive pressure and pbb's selective
approach, new business during the first half of the year remained
significantly below the previous year's level.
Company: Deutsche Pfandbriefbank AG Freisinger Strasse 5 85716
Phone: +49 (0) 89 2880 28 201
Fax: +49 (0) 89 2880 22 28 201
ISIN: DE0008019001, Die internationalen Wertpapierkennnummern (ISIN)
weiterer von der Deutsche Pfandbriefbank AG ausgegebener
Finanzinstrumente sind abrufbar auf der Website der Deutsche
Pfandbriefbank AG unter https://www.pfandbriefbank.com/investoren/pflichtveroeffentlichungen/ad-hoc-mitteilungen/liste-weiterer-finanzinstrume-nte.html.
The International Securities Identification Numbers (ISINs) of further,
financial instruments issued by Deutsche Pfandbriefbank AG are available
on Deutsche Pfandbriefbank's Investor Relations website under https://www.pfandbriefbank.com/en/investors/mandatory-publications/ad-hoc-announcements/list-of-further-financial-inst-ruments.html
Listed: Regulated Market in Frankfurt (Prime Standard), Munich,
Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover; London, Dublin, Mailand, Paris, Luxembourg Stock Exchange, SIX
View source version on businesswire.com: https://www.businesswire.com/news/home/20180704005248/en/
Deutsche PfandbriefbankName:Walter AllwicherHead of
CommunicationsTel:089 / 2880 28 787+49 (0) 89 2880 28 787Email:Walter.Allwicher@pfandbriefbank.com