Deutsche leans on retail as SG tests institutional appetite

Deutsche Bank silenced its critics this week when it priced a heavily oversubscribed self-led hybrid tier one issue, contradicting those that said the borrower would be locked out of the market following its decision not to call two of its subordinated bonds. While Deutsche targeted retail, Société Générale is set to test institutional appetite this week when it prices a perpetual non call 10 year deal. For full coverage of both transactions read EuroWeek on Friday.