DB starts dual LME to maximise TLAC eligibility

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DB starts dual LME to maximise TLAC eligibility

Deutsche_Bank_HQ_PA_230x150
View of the headquarters of Deutsche Bank in Frankfurt/Main, Germany, 2 March 2017. Photo: Arne Dedert/dpa | Arne Dedert/DPA/PA Images

Deutsche Bank has launched separate exchange and tender offers on its $4.5bn 4.25% 2021 bonds in a bid to maximise the amount of total loss absorbing capacity eligible (TLAC) senior debt it has outstanding.

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