Deutsche factors Sofr into debut MREL callable in dollars
Deutsche Bank exploited strong investor demand for high-grade paper when it came to the market on Thursday with its inaugural senior dollar trade in a callable format.
Deutsche Bank was offering initial price thoughts in the mid 200bp over US Treasuries on an SEC registered offering of six year non-call five non-preferred senior notes. It then priced the bonds at 235bp over to raise $1.5bn.
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