trending Market Intelligence /marketintelligence/en/news-insights/trending/RJcXLF7ddpQm7UUleGe7jA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Deutsche Bank Securities to launch tender offer for Global Bank's bonds

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Deutsche Bank Securities to launch tender offer for Global Bank's bonds

Deutsche Bank Securities Inc. plans to launch a tender offerto purchase for cash all of the outstanding 4.750% notes due 2017 issued by under its $500million covered bond program.

Deutsche Bank plans to sell the notesit acquires in the tender offer to Global Bank, according to a Sept. 28 news release.

The bank will pay $1,033.75 for each$1,000 in notes validly tendered on or prior to the Oct. 12 early tender deadline,which includes a $50.00 early tender premium. Notes tendered after Oct. 12 willreceive $983.75 per $1,000 in notes.

Deutsche Bank Securities Inc., CitigroupGlobal Markets Inc. and J.P. Morgan Securities LLC will act as deal managers.

The tender offer will expire on Oct.26.