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Prospect News home > News index > List of issuers D > Headlines for Deutsche Bank AG > News item
Published on 1/20/2015 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Deutsche Bank Capital Funding calls 6.625% class B trust preferreds

By Angela McDaniels

Tacoma, Wash., Jan. 20 – Deutsche Bank AG said Deutsche Bank Capital Funding LLC IX will redeem its 6.625% class B noncumulative trust preferred securities on Feb. 20.

The 46 million trust preferreds (NYSE: DTT) have a liquidation preference of $25 each for a total of $1.15 billion, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price is $25 per trust preferred plus accrued capital payments up to but excluding the redemption date.

Deutsche Bank is a Frankfurt am Main, Germany-based financial institution.


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