Deutsche looks to ease ‘excess liquidity’ with non-pref tender

Tyler Davies

November 19, 2018 12:00 pm

24 May 2018, Germany, Frankfurt: Chairman of the Deutsche Bank, Christian Sewing, standing in front of the bank's logo before the start of the general meeting in the Frankfurt festival hall. The bank is planning the reduction of thousands of positions. The present number of more than 97,000 will be dropped to under 90,000. The insitute announced the news shortly before the start of the general meeting on Thursday. Photo: Arne Dedert/dpa | Arne Dedert/DPA/PA Images

Deutsche Bank said on Monday it was looking to buy back €1bn of its non-preferred senior bonds from investors, in an effort to redeploy some of the ‘excess liquidity’ the bank has been running over its minimum requirement for own funds and eligible liabilities (MREL).

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Deutsche looks to ease ‘excess liquidity’ with non-pref tender

Deutsche Bank said on Monday it was looking to buy back €1bn of its non-preferred senior bonds from investors, in an effort to redeploy some of the ‘excess liquidity’ the bank has been running over its minimum requirement for own funds and eligible liabilities (MREL).

Unlock this article.

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