Deutsche pushes through funding plan with non-preferred senior

By Tyler Davies
13 Nov 2017

Deutsche Bank was looking to take advantage of its shrinking funding costs this week, raising $1.6bn in the dollar market with a pair of five year senior trades.

The German lender was marketing the deal as a non-preferred senior trade, which is the name that French borrowers coined for senior bonds with a low enough ranking in insolvency to be able to count for the total loss-absorbing capacity (TLAC) requirement.

France created the asset class at ...

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