Deutsche gets in on multi-tranche fever

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Deutsche gets in on multi-tranche fever

Deutsche_Bank_towers_PA_230x150
The headquarters of Deutsche Bank in Frankfurt, Germany, photographed on 23 April 2015. Due to the Libor scandal, which involved the fraudulent manipulation of interest rates, Deutsche Bank was fined a total of 2.5 billion US dollars. PHOTO: CHRISTOPH SCHMIDT/dpa | Christoph Schmidt/DPA/PA Images

Deutsche Bank opened books on three tranches of non-preferred senior debt in the euro and sterling markets on Tuesday, becoming the latest European financial institution to knock out multiple funding obligations in one go.

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