Frankfurt am Main, November 2, 2006

Deutsche Bank again securitizes risks from mid-cap corporate loans


NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, JAPAN OR CANADA.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION.
THE SECURITIES DESCRIBED IN THIS PRESS RELEASE WILL NOT BE REGISTERED UNDER UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION.

 
Deutsche Bank successfully completed the securitization of risks from loans to mid-cap companies within the framework of its GATE 2006-1 transaction. Using credit-linked notes with a 10-year maturity, € 185 million was placed with European and Asian institutional investors. A loan portfolio containing 2,343 loans totalling € 2.1 billion formed the basis for this securitization transaction. For the first time, these loans also included current account credit facilities. Credit default swaps formed the remaining difference of € 1.9 billion.

This was the fourth synthetic securitization transaction, one part of a series which Deutsche Bank has used to securitize credit risks from mid-cap company loans since 2004. As a result, the bank not only creates capacity for additional new business with its mid-cap corporate clients, but also uses the market price determined through the transaction to check its market-based pricing of new loans. Additional securitization transactions of mid-cap company loans are planned.

 

Additional information is available from:

Deutsche Bank Press Department
Dr. Kirsten Siersleben  
Phone: +49 (0)69 910 38079 


Deutsche Bank

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