UNI - EN REPORT No5/2013
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it successfully issued USD1.5 bn of subordinated Tier 2 notes yesterday. The transaction was priced at a spread of 237.5 bps over the 10 year US Treasury.
Strong investor interest allowed the Bank to increase the volume from USD1 bn to USD1.5 bn and to achieve an attractive price. This transaction is the first-ever benchmark callable Tier 2 issue from a bank in the US market.
With the transaction, Deutsche Bank has already placed more than half of its planned issuance of subordinated debt of EUR2 bn, which was announced together with its EUR 2.96 bn equity capital increase on April 30.
