Deutsche looks to ease ‘excess liquidity’ with non-pref tender

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
FIG
Senior Debt

Deutsche looks to ease ‘excess liquidity’ with non-pref tender

Tyler Davies
November 19, 2018 12:00 PM
Deutsche_Bank_logo_PA_230x150_191118
24 May 2018, Germany, Frankfurt: Chairman of the Deutsche Bank, Christian Sewing, standing in front of the bank's logo before the start of the general meeting in the Frankfurt festival hall. The bank is planning the reduction of thousands of positions. The present number of more than 97,000 will be dropped to under 90,000. The insitute announced the news shortly before the start of the general meeting on Thursday. Photo: Arne Dedert/dpa | Arne Dedert/DPA/PA Images

Deutsche Bank said on Monday it was looking to buy back €1bn of its non-preferred senior bonds from investors, in an effort to redeploy some of the ‘excess liquidity’ the bank has been running over its minimum requirement for own funds and eligible liabilities (MREL).

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Deutsche BankSenior DebtGermanyEuropeEMEAFIG
TD
Tyler Davies
Gift this article