Deutsche Bank starts €8bn rights issue to boost capital
Shares in Deutsche Bank, the largest bank in Germany, fell 2.7% on Monday morning after it published its 2016 annual report and launched its €8bn two-for-one rights issue.
Deutsche Bank will issue 687.5m new shares at an issue price of €11.65. That is a discount of 39.1% to the €19.13 at which the shares closed on March 3, the day before the deal was announced, and a 32.5% discount to the theoretical ex-rights price.The bank’s ...
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