Frankfurt am Main, 19 November 2018, 11:45 CET – Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announces a public tender offer with a target acceptance volume of 1.0 billion euros of Euro-denominated senior non-preferred securities.
Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announces a public tender offer with a target acceptance volume of 1.0 billion euros of Euro-denominated senior non-preferred securities.
The transaction is designed to help the bank optimise its future interest payments and maturity structure by taking advantage of a strong liquidity position. As of 30 September 2018, the bank had liquidity reserves of 268 billion euros with a liquidity coverage ratio of 148%.
James von Moltke, Chief Financial Officer, said: “Using a small part of our high cash position to repurchase senior non-preferred securities reflects our aim to redeploy excess liquidity without taking undue risk. This benefits all our stakeholders.”
The tender offer encompasses two long-dated securities issued by Deutsche Bank AG:
1.125% March 2025 (ISIN: DE000DB7XJP9)
1.750% January 2028 (ISIN: DE000DL19T26)
The offer is expected to expire on Tuesday, 27 November 2018.
Information is available on Deutsche Bank’s Investor Relations website under www.db.com/ir or by contacting +44 20 7545 8011.
Requests for the Offer Documents may be directed to the Tender Agent: Lucid Issuer Services Limited (+ 44 20 7704 0880, firstname.lastname@example.org)
For further information please contact:
Deutsche Bank AG
Phone: +49 69 910 48098
Phone: +49 69 910 38079
60325 Frankfurt am Main
Listed: Regulated market in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE
The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.