Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Deutsche Bank Raises $3.88 Billion

In an effort to strengthen its equity capitalization, Deutsche Bank (NYSE: DB  ) has placed 90 million shares of newly issued stock with institutional investors, the company announced today. The offering is not registered with the Securities and Exchange Commission; as a result, the new shares "may not be offered, sold, or delivered" to U.S. investors.

The shares were priced at 32.90 euros, equal to $43.10 per share, raising a total of $3.88 billion in an effort to "strengthen the equity capitalization of the bank," according to the release. Deutsche Bank initially announced its intention to raise additional capital via a stock offering April 29.

In addition to the placement of newly issued stock to overseas institutional investors, Deutsche Bank left open the possibility of issuing as much as 2 billion euros ($2.62 billion) of subordinated debt "over the next 12 months." The subordinated debt is not expected to be registered with the SEC, so it will not be made available to U.S. investors.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 01, 2013, at 5:01 PM, rsinj wrote:

    See - Ben and the Fed aren't the only ones who can create money out of thin air.

    If you have more outstanding shares, when you post a loss, it decreases the magnitude of the loss per share.

    So shareholders were diluted by 10% - you think DB is concerned?

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2398681, ~/Articles/ArticleHandler.aspx, 12/1/2015 2:33:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Tim Brugger

Tim has been writing professionally for several years after spending 18 years (Whew! Was it that long?)in both the retail and institutional side of the financial services industry. Tim resides in Portland, Oregon with his three children and the family dog.

Today's Market

updated 4 hours ago Sponsored by:
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASD 5,108.67 -18.86 -0.37%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/30/2015 4:01 PM
DB $25.69 Up +0.32 +1.26%
Deutsche Bank AG (… CAPS Rating: **