New Issue: Deutsche Bank sells $500 million two-year floaters at par to yield Libor plus 145 bps

By Cristal Cody

Eureka Springs, Ark., Jan. 19 – Deutsche Bank AG sold $500 million of two-year senior floating-rate notes (Baa2/BBB+/A-) at par to yield Libor plus 145 basis points in an offering that closed on Thursday, according to details in a 424B2 filing with the Securities and Exchange Commission.

Deutsche Bank Securities Inc. was the bookrunner.

Deustche Bank is a banking and financial services company based in Frankfurt.

Issuer:	Deutsche Bank AG
Amount:	$500 million
Description:	Senior floating-rate notes
Maturity:	Jan. 18, 2019
Bookrunner:	Deutsche Bank Securities Inc.
Coupon:	Libor plus 145 bps; resets on each interest payment date beginning on April 18, 2017 and on every following Jan. 18, April 18, July 18 and Oct. 18
Price:	Par
Yield:	Libor plus 145 bps
Trade date:	Jan. 13
Settlement date:	Jan. 19
Ratings:	Moody’s: Baa2
	S&P: BBB+
	Fitch: A-
Distribution:	SEC registered

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