Deutsche Pfandbriefbank Agrees On SRT Transaction With Oaktree On $2 Bln Loan Portfolio

Dec 22 (Reuters) - Deutsche Pfandbriefbank:

• PBB AGREES ON SRT TRANSACTION WITH OAKTREE ON $2 BILLION LOAN PORTFOLIO

• OAKTREE WILL WRITE PROTECTION AGAINST MEZZANINE TRANCHE OF PBB’S PERFORMING US PORTFOLIO AMOUNTING TO APPROX $320 MILLION

• UNDERLYING PERFORMING US PORTFOLIO HAS VOLUME OF APPROX $2 BILLION AND MAINLY COMPRISES OFFICE ASSET CLASS

Source text: https://tinyurl.com/5c8a48ub