Deutsche Bank Launches EUR1.5 Billion in New AT1 Bonds
Provided by
Dow Jones
By Miriam Mukuru
Deutsche Bank launched 1.5 billion euros ($1.63 billion) in new additional tier 1 bonds callable after five and a half years, it said Monday.
"The bank can call the securities, subject to prior supervisory approval, on each day between October 30, 2029 and April 30, 2030," Deutsche Bank said.
AT1 bonds are a risky form of debt issued by banks to meet regulatory capital requirements.
The Deutsche Bank AT1 bonds have a fixed coupon of 8.125%, payable annually. The proceeds will support Deutsche Bank's solvency requirements, it said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
June 03, 2024 13:00 ET (17:00 GMT)
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