Deutsche Bank Issues $1.5 Billion in Notes

Following Deutsche Bank's (NYSE: DB  ) recently announced efforts to raise as much as $2.56 billion using a series of debt placements, the bank has successfully issued $1.5 billion in subordinated tier 2 debt, according to a press release today.

Deutsche Bank said strong investor interest provided it with the opportunity to raise the initial offering from $1 billion to $1.5 billion. The subordinated debt has a maturity date of May 24, 2028, and yields 4.296%, equal to a 2.375% spread above the 10-year Treasury. There is a one-time call on May 24, 2023, at which time the debt will be reset to the five-year mid-swap rate, plus 2.2475%.

The subordinated debt is expected to receive, according to Deutsche Bank's recent SEC filing, ratings of Baa3 from Moody's, BBB+ from Standard and Poor's, and A- from Fitch.

Read/Post Comments (0) | Recommend This Article (0)

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.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

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: 2448163, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:14:05 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...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

9/27/2016 4:01 PM
DB $11.92 Up +0.07 +0.59%
Deutsche Bank CAPS Rating: **