AAREAL BANK AG

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Annex to the Regulatory Report 2021 of Aareal Bank Group: Main Features of Capital Instruments

04/26/2022 | 02:00am

EU CCA: Main features of regulatory own funds instruments

35 36 37 37a

  • 17 Fixed or floating dividend/coupon

    4 5 6 7 8 9

    1 2 2a 3

    Issuer

    Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

    Public or private placement

    Governing law(s) of the instrument

    Regulatory treatment

    Current treatment, taking into account, if applicable, the transitional CRR rules

    Post-transitional CRR rules

    Eligible at solo / (sub-)consolidated / solo and (sub-)consolidated level

    Instrument type (types to be specified by each jurisdiction)

    Nominal amount of instrument

    • EU-9a Issue price

  • 11 Original date of issuance

  • 18 Coupon rate and any related reference index

  • 12 Perpetual or dated

  • 19 Existence of a "dividend stopper"

  • 13 Original maturity date

    EU-20a Fully discretionary, partially discretionary or mandatory (in terms of timing)

  • 14 Issuer call subject to prior supervisory approval

    EU-20b

    • EU-9b Redemption price

  • 10 Accounting classification

  • 15 Optional call date, contingent call dates, and redemption amount

  • 16 Subsequent call dates, if applicable

    Coupons / dividends

    Fully discretionary, partially discretionary or mandatory (in terms of amount)

    • 21 Existence of step-up features, or other incentive to redeem

    • 22 Non-cumulative or cumulative

    • 23 Convertible or non-convertible

    • 24 If convertible: Conversion trigger(s)

    • 25 If convertible: fully or partially

    • 26 If convertible: Conversion rate

    • 27 If convertible: Mandatory or optional conversion

    • 28 If convertible: Specify instrument type convertible into

    • 29 If convertible: Specify issuer of instrument it converts into

    • 30 Write-down features

    • 31 If write-down: Write-down trigger(s)

    • 32 If write-down: full or partial

    • 33 If write-down: permanent or temporary

    • 34 If temporary write-down: Description of write-up mechanism

    • 34a Type of subordination (only for eligible liabilities)

    EU-34b Ranking of the instrument in normal insolvency proceedingsNon-compliant transitioned features

    (specify instrument type immediately senior to instrument)Position in subordination hierarchy in liquidation

    If yes, specify non-compliant features

    Link to the full term and conditions of the instrument (signposting)

    Aareal Bank AG

    Aareal Bank AG

    Aareal Bank AG

    DE0005408116

    DE0002733409

    DE0002733417

    Public

    Private

    Private

    German law

    German law

    German law

    Common Equity Tier 1 capital

    Tier 2 capital

    Tier 2 capital

    Common equity tier 1 capital

    Tier 2 capital

    Tier 2 capital

    Group level

    Group level

    Group level

    Shares

    Subordinated liability

    Subordinated liability

    € 180 mn

    € 3 mn

    € 8 mn

    € 180 mn

    € 3 mn

    € 9 mn

    n/a

    100.00 %

    100.00 %

    n/a

    100.00 %

    100.00 %

    Share capital

    Liability - measured at amortised cost

    Liability - measured at amortised cost

    Varying

    10 April 2001

    4 May 2001

    Perpetual

    Fixed maturity

    Fixed maturity

    No maturity

    10 April 2026

    4 May 2026

    No

    No

    No

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    Fixed

    Fixed

    No

    6.470 %

    6.570 %

    No

    No

    No

    Fully discretionary

    Mandatory

    Mandatory

    Fully discretionary

    Mandatory

    Mandatory

    n/a

    No

    No

    n/a

    Non-cumulative

    Non-cumulative

    Non-convertible

    Non-convertible

    Non-convertible

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    n/a

    Common Equity Tier 1 -

    CET1

    Junior to non-subordinated liabilities

    Junior to non-subordinated liabilities

    No

    No

    No

    n/a

    n/a

    n/a

    ... /aareal-bank-share

    ... /DE0002733409.pdf

    ... /DE0002733417.pdf

1 2 2a 3

Issuer

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

Public or private placement

Governing law(s) of the instrument

Regulatory treatment

Current treatment, taking into account, if applicable, the transitional CRR rules

Post-transitional CRR rules

Eligible at solo / (sub-)consolidated / solo and (sub-)consolidated level

Instrument type (types to be specified by each jurisdiction)

Amount recognised in regulatory capital and eligible liabilities instruments (currency in millions, as at the most re-cent reporting date)

Nominal amount of instrument

  • EU-9a Issue price

  • EU-9b Redemption price

  • 10 Accounting classification

  • 11 Original date of issuance

  • 12 Perpetual or dated

  • 13 Original maturity date

  • 14 Issuer call subject to prior supervisory approval

  • 15 Optional call date, contingent call dates, and redemption amount

  • 16 Subsequent call dates, if applicable

    Coupons / dividends

  • 17 Fixed or floating dividend/coupon

  • 18 Coupon rate and any related reference index

  • 19 Existence of a "dividend stopper"

EU-20a Fully discretionary, partially discretionary or mandatory (in terms of timing)

EU-20b Fully discretionary, partially discretionary or mandatory (in terms of amount)

  • 21 Existence of step-up features, or other incentive to redeem

  • 22 Non-cumulative or cumulative

  • 23 Convertible or non-convertible

  • 24 If convertible: Conversion trigger(s)

  • 25 If convertible: fully or partially

  • 26 If convertible: Conversion rate

  • 27 If convertible: Mandatory or optional conversion

  • 28 If convertible: Specify instrument type convertible into

  • 29 If convertible: Specify issuer of instrument it converts into

  • 30 Write-down features

  • 31 If write-down: Write-down trigger(s)

  • 32 If write-down: full or partial

  • 33 If write-down: permanent or temporary

  • 34 If temporary write-down: Description of write-up mechanism

  • 34a Type of subordination (only for eligible liabilities)

EU-34b Ranking of the instrument in normal insolvency proceedings

Position in subordination hierarchy in liquidation

35 36 37 37a

(specify instrument type immediately senior to instrument)Non-compliant transitioned features

If yes, specify non-compliant features

Link to the full term and conditions of the instrument (signposting)

Aareal Bank AG

Aareal Bank AG

DE0003252821

DE0003252821

Private

Private

German law

German law

Tier 2 capital

Tier 2 capital

Tier 2 capital

Tier 2 capital

Group level

Group level

Subordinated liability

Subordinated liability

€ 2 mn

€ 2 mn

€ 10 mn

€ 10 mn

93.80 %

98.69 %

100.00 %

100.00 %

Liability - measured at amortised cost

Liability - measured at amortised cost

28 October 2002

5 February 2003

Fixed maturity

Fixed maturity

28 October 2022

28 October 2022

No

No

n/a

n/a

n/a

n/a

Floating

Floating

10y CMS Cap 7.000 %

10y CMS Cap 7.000 %

No

No

Mandatory

Mandatory

Mandatory

Mandatory

No

No

Non-cumulative

Non-cumulative

Non-convertible

Non-convertible

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Junior to non-subordinated liabilities

Junior to non-subordinated liabilities

No

No

n/a

n/a

... /DE0003252821.pdf

... /DE0003252821.pdf

1 2 2a 3

Issuer

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

Public or private placement

Governing law(s) of the instrument

Regulatory treatment

Current treatment, taking into account, if applicable, the transitional CRR rules

Post-transitional CRR rules

Eligible at solo / (sub-)consolidated / solo and (sub-)consolidated level

Instrument type (types to be specified by each jurisdiction)

Nominal amount of instrument

  • EU-9a Issue price

  • EU-9b Redemption price

  • 10 Accounting classification

  • 11 Original date of issuance

  • 12 Perpetual or dated

  • 13 Original maturity date

  • 14 Issuer call subject to prior supervisory approval

  • 15 Optional call date, contingent call dates, and redemption amount

  • 16 Subsequent call dates, if applicable

    Coupons / dividends

  • 17 Fixed or floating dividend/coupon

  • 18 Coupon rate and any related reference index

  • 19 Existence of a "dividend stopper"

EU-20a Fully discretionary, partially discretionary or mandatory (in terms of timing)

EU-20b Fully discretionary, partially discretionary or mandatory (in terms of amount)

  • 21 Existence of step-up features, or other incentive to redeem

  • 22 Non-cumulative or cumulative

  • 23 Convertible or non-convertible

  • 24 If convertible: Conversion trigger(s)

  • 25 If convertible: fully or partially

  • 26 If convertible: Conversion rate

  • 27 If convertible: Mandatory or optional conversion

  • 28 If convertible: Specify instrument type convertible into

  • 29 If convertible: Specify issuer of instrument it converts into

  • 30 Write-down features

  • 31 If write-down: Write-down trigger(s)

  • 32 If write-down: full or partial

  • 33 If write-down: permanent or temporary

  • 34 If temporary write-down: Description of write-up mechanism

  • 34a Type of subordination (only for eligible liabilities)

EU-34b Ranking of the instrument in normal insolvency proceedings

Position in subordination hierarchy in liquidation

35 36 37 37a

(specify instrument type immediately senior to instrument)Non-compliant transitioned features

If yes, specify non-compliant features

Link to the full term and conditions of the instrument (signposting)

Aareal Bank AG

Aareal Bank AG

DE000A1TNC86

DE000A1TNDF2

Public

Private

German law

German law

Tier 2 capital

Tier 2 capital

Tier 2 capital

Tier 2 capital

Group level

Group level

Subordinated liability

Subordinated liability

€ 36 mn

€ 12 mn

€ 80 mn

€ 10 mn

100.00 %

100.00 %

100.00 %

100.00 %

Liability - measured at amortised cost

Liability - measured at amortised cost

19 February 2014

22 May 2014

Fixed maturity

Fixed maturity

19 February 2024

22 May 2029

Yes

Yes

At nominal amount, by way of declaration vis-à-vis creditors, if bonds are phased-out from Tier 2 capital due to changes in applicable regulatory provisions.

At nominal amount, by way of declaration vis-à-vis creditors, if bonds are phased-out from Tier 2 capital due to changes in applicable regulatory provisions.

n/a

n/a

Fixed

Fixed

4.250 %

4.180 %

No

No

Mandatory

Mandatory

Mandatory

Mandatory

No

No

Non-cumulative

Non-cumulative

Non-convertible

Non-convertible

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Junior to non-subordinated liabilities

Junior to non-subordinated liabilities

No

No

n/a

n/a

... /DE000A1TNC86.pdf

... /DE000A1TNDF2.pdf

1 2 2a 3

Issuer

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

Public or private placement

Governing law(s) of the instrument

Regulatory treatment

Current treatment, taking into account, if applicable, the transitional CRR rules

Post-transitional CRR rules

Eligible at solo / (sub-)consolidated / solo and (sub-)consolidated level

Instrument type (types to be specified by each jurisdiction)

Nominal amount of instrument

  • EU-9a Issue price

  • EU-9b Redemption price

  • 10 Accounting classification

  • 11 Original date of issuance

  • 12 Perpetual or dated

  • 13 Original maturity date

  • 14 Issuer call subject to prior supervisory approval

  • 15 Optional call date, contingent call dates, and redemption amount

  • 16 Subsequent call dates, if applicable

    Coupons / dividends

  • 17 Fixed or floating dividend/coupon

  • 18 Coupon rate and any related reference index

  • 19 Existence of a "dividend stopper"

EU-20a Fully discretionary, partially discretionary or mandatory (in terms of timing)

EU-20b Fully discretionary, partially discretionary or mandatory (in terms of amount)

  • 21 Existence of step-up features, or other incentive to redeem

  • 22 Non-cumulative or cumulative

  • 23 Convertible or non-convertible

  • 24 If convertible: Conversion trigger(s)

  • 25 If convertible: fully or partially

  • 26 If convertible: Conversion rate

  • 27 If convertible: Mandatory or optional conversion

  • 28 If convertible: Specify instrument type convertible into

  • 29 If convertible: Specify issuer of instrument it converts into

  • 30 Write-down features

  • 31 If write-down: Write-down trigger(s)

  • 32 If write-down: full or partial

  • 33 If write-down: permanent or temporary

  • 34 If temporary write-down: Description of write-up mechanism

  • 34a Type of subordination (only for eligible liabilities)

EU-34b Ranking of the instrument in normal insolvency proceedings

35 36 37 37a

Non-compliant transitioned features

If yes, specify non-compliant features

Link to the full term and conditions of the instrument (signposting)

Aareal Bank AG

Aareal Bank AG

DE000A1TNDG0

DE000A1TNDW7

Public

Public

German law

German law

Tier 2 capital

Tier 2 capital

Tier 2 capital

Tier 2 capital

Group level

Group level

Subordinated liability

Subordinated liability

€ 31 mn

€ 8 mn

€ 30 mn

€ 50 mn

100.00 %

100.00 %

100.00 %

100.00 %

Liability - measured at amortised cost

Liability - measured at amortised cost

20 June 2014

14 October 2014

Fixed maturity

Fixed maturity

20 June 2029

14 October 2022

Yes

Yes

Optional call date 20/06/2024, at nominal amount, as well as at nominal amount, by way of declaration vis-à-vis creditors, if bonds are phased-out from Tier 2 capital due to changes in applicable regulatory provisions.

At nominal amount, by way of declaration vis-à-vis creditors, if bonds are phased-out from Tier 2 capital due to changes in applicable regulatory provisions.

No

n/a

Currently fixed, later floating

Fixed

3.125 %, later 5y euro mid-swap rate + 1.500 %

2.500 %

No

No

Mandatory

Mandatory

Mandatory

Mandatory

No

No

Non-cumulative

Non-cumulative

Non-convertible

Non-convertible

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Junior to non-subordinated liabilities

Junior to non-subordinated liabilities

No

No

n/a

n/a

... /DE000A1TNDG0.pdf

... /DE000A1TNDW7.pdf

1 2 2a 3

Issuer

Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

Public or private placement

Governing law(s) of the instrument

Regulatory treatment

4 5 6 7 8 9

Current treatment, taking into account, if applicable, the transitional CRR rules

Post-transitional CRR rules

Eligible at solo / (sub-)consolidated / solo and (sub-)consolidated level

Instrument type (types to be specified by each jurisdiction)

Nominal amount of instrument

  • EU-9a Issue price

  • EU-9b Redemption price

  • 10 Accounting classification

  • 11 Original date of issuance

  • 12 Perpetual or dated

  • 13 Original maturity date

  • 14 Issuer call subject to prior supervisory approval

  • 15 Optional call date, contingent call dates, and redemption amount

  • 16 Subsequent call dates, if applicable

    Coupons / dividends

  • 17 Fixed or floating dividend/coupon

  • 18 Coupon rate and any related reference index

  • 19 Existence of a "dividend stopper"

EU-20a Fully discretionary, partially discretionary or mandatory (in terms of timing)EU-20bFully discretionary, partially discretionary or mandatory (in terms of amount)

  • 21 Existence of step-up features, or other incentive to redeem

  • 22 Non-cumulative or cumulative

  • 23 Convertible or non-convertible

  • 24 If convertible: Conversion trigger(s)

  • 25 If convertible: fully or partially

  • 26 If convertible: Conversion rate

  • 27 If convertible: Mandatory or optional conversion

  • 28 If convertible: Specify instrument type convertible into

  • 29 If convertible: Specify issuer of instrument it converts into

  • 30 Write-down features

  • 31 If write-down: Write-down trigger(s)

  • 32 If write-down: full or partial

  • 33 If write-down: permanent or temporary

  • 34 If temporary write-down: Description of write-up mechanism

  • 34a Type of subordination (only for eligible liabilities)

EU-34b Ranking of the instrument in normal insolvency proceedings

35

36 37 37a

Non-compliant transitioned features

If yes, specify non-compliant features

Link to the full term and conditions of the instrument (signposting)Aareal Bank AG

DE000A1TNDK2

Public

German lawAdditional Tier 1 capital

Additional Tier 1 capital

Group level

AT1 bond

€ 300 mn

€ 300 mn

100.00 % 100.00 %

Liability - measured at amortised cost

20 November 2014

Perpetual

No maturity

Yes

On 30 April 2020 for the first time; in addition, tax call and regulatory call are possible. Repayment at nominal amount or reduced current nominal amount plus accrued interest.

Callable annually after first call date (30 April 2020)Currently fixed, later floating

7.625 %, later 1y euro mid-swap rate + 7.180 %

No

Partially discretionary; in case of disbursement: payout date is 30 April of any given yearPartially discretionaryNo

Non-cumulative

Non-convertible

n/a n/a n/a n/a n/a n/a

Yes

Automatic write-down of capital amount in case of trigger event

(CET1 ratio falling below 7 % on Group level), before instruments with a lower

CET1 trigger and after instruments with a higher CET1 triggerPro-rata with other AT1 instruments until CET1 ratio of 7 % is restored

Permanent; Management Board may determine write-up

At the discretion of issuer, write-up pari passu with other AT1 instruments,

MDA pursuant to CRR must not be exceededn/a n/a

Instruments fully subordinated to (i) third-party claims from non-subordinated liabilities,

(ii) claims from Tier 2 instruments as well as (iii) receivables pursuant to section 39 (1) Nos. 1 to 5 of the German Insolvency Code ("InsO").

n/a n/a

... /DE000A1TNDK2.pdf

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Aareal Bank AG published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 05:59:03 UTC.

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