Deutsche leads the way as banks rethink sub debt supply

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By Tyler Davies
14 May 2020

Euro area banks are expected to make use of the relaxation of their Pillar 2 capital requirements by issuing more capital instruments in the coming months, following the example set by Deutsche Bank this week.

Deutsche sold a €1.25bn 11 year non-call six tier two on Monday.

It was the first time that any bank had launched a subordinated bond in euros during the coronavirus crisis.

But it was also the first time that an issuer had said explicitly that ...

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