Deutsche Bank (XETRA: DBKGn.DE/ NYSE: DB) announced the completion of the tender offers to repurchase up to 1 billion of two senior non-preferred zero coupon securities, issued in 1996/1997 (DE0001342244/ DE0001892057) and re-denominated in Euro in 1999. Deutsche Bank launched the tender offers on 14 June 2021.
The two tender offers resulted in a repurchase of bonds with a notional value of 313 million euros.
The relatively low investor participation in this public tender offer reflects Deutsche Bank’s improved credit profile and an investor preference to retain exposure to Deutsche Bank.
In 2021 to date, DB has completed 9 benchmark issuances and raised 11 billion euros amid strong investor demand.
Further details can be found on Deutsche Bank’s Investor Relations website under https://www.db.com/ir.
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 21 March 2021 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.