Deutsche adds to Yankee bond boom with unusual T2

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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