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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.