E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/18/2007 in the Prospect News Investment Grade Daily.

New Issue: Deutsche Bank reopens 6% 10-year notes for $300 million

By Jennifer Chiou

New York, Sept. 17 - Deutsche Bank AG, London Branch added $300 million to its issue of 6% senior unsecured notes due Sept. 1, 2017, bringing the total amount to $3.3 billion, according to a 424B2 filing with the Securities and Exchange Commission.

The notes priced at 109.64.

On Aug. 22, Deutsche Bank priced $3 billion of the 10-year notes to yield 145 basis points over Treasuries. The original notes (Aa1) had a yield of 6.068% and price of 99.495.

Deutsche Bank Securities Inc. was the bookrunner.

Proceeds will be used for general corporate purposes.

Frankfurt-based Deutsche Bank is a provider of financial services.

Issuer:Deutsche Bank AG, London Branch
Security description:Senior unsecured notes
Face amount:$300 million (total size now $3.3 billion)
Maturity:Sept. 1, 2017
Underwriter:Deutsche Bank Securities Inc.
Coupon:6%
Price:109.64
Call:Make-whole at Treasuries plus 30 bps on every Sept. 1 and March 1
Ratings:Moody's: Aa1
Pricing date:Sept. 17
Settlement date:Sept. 20
Fees:0.35%

© 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.