DB starts dual LME to maximise TLAC eligibility

By Tyler Davies
20 Apr 2017

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.

Deutsche Bank said it was offering holders of its $4.25bn 4.25% 2021 senior bonds a chance to exchange their notes for a new set of instruments, which will have exactly the same interest rate, interest payment dates and maturity date as the original notes.

The German lender ...

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