Deutsche Pfandbriefbank sings Memorandum of Understanding for Heta debt securities

Creditors of Austrian workout institution Heta Asset Resolution AG, including Deutsche Pfandbriefbank AG, as well as the Republic of Austria, entered into a Memorandum of Understanding (MoU) which provides for the largest part of certain Heta's liabilities to be repaid. Based on this MoU, the parties confirmed their joint intention…