DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Bond
Frankfurt am Main, 10 February 2020 - Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) announces its intention to issue securities that qualify as Additional Tier 1 (AT1) capital. The issuance is expected to be of benchmark size with a minimum of USD 1 billion. This was decided by the Management Board with the approval of the Chairman's Committee of the Supervisory Board.
The transaction represents a further step in managing Deutsche Bank's regulatory capital requirements by preserving a level of AT1 instruments of 1.5% or more of risk-weighted assets on a fully-loaded basis. In addition, it supports progress towards the 4.5% fully loaded leverage ratio target for 2020.
The securities will be subject to a write-down provision if Deutsche Bank's Common Equity Tier 1 capital ratio falls below 5.125% and be subject to other loss-absorption features pursuant to the applicable capital rules. The decision to issue these securities is based on the authorization granted by the Annual General Meeting in 2018. The denominations of the securities will be USD 200,000. Deutsche Bank Securities Inc. will act as sole bookrunner for the placement.
The securities are registered in the United States.
10-Feb-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||Deutsche Bank AG|
|60325 Frankfurt a. M.|
|Phone:||+49 (0)69 910-00|
|Fax:||+49 (0)69 910-43800|
|Indices:||DAX, EURO STOXX 50|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE|
|EQS News ID:||972157|
|End of Announcement||DGAP News Service|
972157 10-Feb-2020 CET/CEST