New Issue: Deutsche Bank prices $10 million fixed-to-floating notes with 2.75% initial rate

By Marisa Wong

Madison, Wis., Dec. 23 - Deutsche Bank AG, London Branch priced $10 million of fixed-to-floating notes due Dec. 30, 2015, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 2.75% for the first year. Beginning Dec. 30, 2011, the interest rate will be Libor plus 100 basis points. Interest will be payable quarterly.

The payout at maturity will be par.

Deutsche Bank Securities Inc. is the agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Fixed-to-floating notes
Amount:	$10 million
Maturity:	Dec. 30, 2015
Coupon:	Initially 2.75%; after Dec. 30, 2011, Libor plus 100 bps; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 22
Settlement date:	Dec. 30
Underwriter:	Deutsche Bank Securities Inc.
Fees:	0.1%
Cusip:	2515A14D0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.