Deutsche rides results optimism with blowout trade

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By Tyler Davies
08 Feb 2021

Deutsche Bank attracted more than €7.5bn of demand for two tranches of non-preferred senior debt on Monday, as investors showed strong support for the credit following a positive set of results for 2020.

The German lender opened order books for a self -led offering of six year non-call five notes and an 11 year non-call 10 bond. 

Price thoughts began at 145bp and 175bp area over mid-swaps, respectively, which was quickly met with an aggregate of €3bn in demand. 

Once the ...

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