Published on 10/11/2016 in the Prospect News Investment Grade Daily.
New Issue: Deutsche Bank places $3 billion of 4.25% five-year notes at 300 bps over Treasuries
By Cristal Cody
Eureka Springs, Ark., Oct. 11 – Deutsche Bank AG priced a $3 billion of 4.25% five-year notes with a spread of Treasuries plus 300 basis points in a private placement (Baa2/BBB+/A-) late on Friday, according to a market source.
Deutsche Bank Securities Inc. was the bookrunner.
Deutsche Bank is a banking and financial services company based in Frankfurt.
| Issuer: | Deutsche Bank AG
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Maturity: | Oct. 14, 2021
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | 4.25%
|
| Spread: | Treasuries plus 300 bps
|
| Trade date: | Oct. 7
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB+
|
| Fitch: A-
|
| Distribution: | Private placement
|
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