Deutsche triumphs with new tier two structure for US

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Deutsche triumphs with new tier two structure for US

Deutsche Bank introduced a new tier two structure for the US market on Tuesday with a $1.5bn offering of 15 year non-call 10 subordinated notes. The trade opens the way for other European issuers to target domestic US liquidity — indeed, one banker told EuroWeek a similar deal would be launched in the next two weeks.

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