Deutsche adds to Yankee bond boom with unusual T2

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By Tyler Davies
30 Jun 2020

Deutsche Bank has joined many of its European peers in looking for savings in the dollar market, opting for an unusual maturity structure with a new tier two deal in the currency on Monday.

The German lender priced a $500m 11 year non-call 10 tier two at 525bp over US Treasuries.

It followed a string of other European banks in heading to the dollar market, which has been offering very competitive pricing versus euros in recent weeks.

UniCredit, for example, ...

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