Deutsche eyes AT1 to offset Q2 capital headwinds

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By Tyler Davies
04 May 2021

Deutsche Bank is planning to issue a new additional tier one (AT1) in euros, as it looks to offset the impact of “certain regulatory changes” and work towards meeting its leverage ratio target.

The German lender has picked its own investment bank as the sole bookrunner for its perpetual non-call short seven year transaction.

The benchmark-sized deal will have a longer distance to call than any of Deutsche’s other AT1s, extending the issuer’s curve beyond April 2026.

Deutsche was last in ...

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