Deutsche has sought to appease investors by demonstrating its access to two key markets. A USD $3.6bn senior trade, followed by a 750m 4.5% 10-year Tier 2 bullet - the bank’s most costly issued in euros on a spread basis - and the latter is regarded by industry insiders as a way for Deutsche to return to the Additional Tier 1 market. Jonathan Blake, head of issuance at Deutsche Bank said the move was “part of the overall strategy to re-engage with our fixed-income investor base”.
Deutsche Bank has sought to appease investors by demonstrating its access to two key markets. A USD $3.6bn senior trade, followed by a 750m 4.5% 10-year Tier 2 bullet - the bank’s most costly issued in euros on a spread basis - and the latter is regarded by industry insiders as a way for Deutsche Bank to return to the Additional Tier 1 market. Jonathan Blake, head of issuance at Deutsche said the move was “part of the overall strategy to re-engage with our fixed-income investor base”.