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deutsche bank to issue euro at1 bond with 7.75 percent coupon
Deutsche Bank AG is set to issue a euro-denominated Additional Tier 1 bond with a coupon of approximately 7.75%. This follows the bank's decision not to redeem $1.25 billion of AT1 debt, which would have resulted in a significant loss due to currency fluctuations. The issuance aims to strengthen the bank's regulatory capital amid ongoing restructuring efforts.
deutsche bank opts not to call at1 bond amid currency losses
Deutsche Bank AG has opted not to call one of its Additional Tier 1 bonds, breaking from the trend among European banks to redeem such debt at the first opportunity. The decision, influenced by potential losses of around €240 million due to a weaker euro, highlights the bank's case-by-case approach to bond management. Meanwhile, it plans to redeem a separate $1.5 billion AT1 bond on April 30, which may incur losses of approximately €180 million related to foreign exchange.
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