Commerzbank flags AT1 issuance intentions

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Commerzbank flags AT1 issuance intentions

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The logo of the Commerzbank is seen on a bank's branch in Schwerin, Germany, 24 January 2013. In the coming years, Commerzbank plans to reduce 4,000 to 6,000 jobs worldwide. Photo: Jens | Jens Büttner/DPA/PA Images

Commerzbank set up an issuance programme this week that will enable it to sell up to €3bn of additional tier one (AT1) debt. The German lender is preparing to take advantage of regulatory relief in its Pillar 2 capital requirements.

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