WestLB Issues Accrual-Bond
Up to 4% interest p.a. will be paid to investors opting for WestLB AG´s Accrual-Bond, which is issued today. The total volume of the issue is € 100 million. The issue price is 100% and it is available in denominations of € 1,000. The bearer bond will be listed on the Frankfurt and Stuttgart (EUWAX) Stock Exchanges (“Freiverkehr”). Value date is December 9, 2004.
In the first year the Accrual-Bond pays interest of 2.75%, in the following two years 3% and in the two years thereafter 3.5%. In the final year an interest rate of 4% will be paid. WestLB AG has the option to call the bearer bond for the first time on December 9, 2005 and thereafter annually on December 9th after an interest period at the redemption price, each with a notification of five business days. The redemption price is 100%.