Law360, New York (February 23, 2016, 3:47 PM EST) -- Deutsche Bank AG said Tuesday that it bought back less than half of the approximately $3.4 billion in euro-denominated securities it offered to repurchase from investors earlier in the month, a sign the bank said of increased confidence in its financial footing.Germany’s largest bank said that it had repurchased some €1.27 billion, or $1.4 billion, worth of euro-denominated senior unsecured debt in a tender offer that closed Tuesday. Deutsche Bank had offered to buy back the €3 billion, or $3.4 billion, as part of an overall $5.4 billion debt repurchase plan on Feb. 12 that was meant to reassure investors... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Deutsche Bank AG has bought back less than half of the $3.4bn in euro-denominated securities it offered to repurchase from investors earlier this month, which is seen as a sign of increased confidence in its financial footing.