DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Bond
Frankfurt am Main, 11 May 2020 - Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) launches a new euro-denominated Tier 2 issuance and announces a public tender offer for certain of its euro-denominated senior non-preferred securities. The target acceptance volume of the tender is 2.0 billion euros and the Tier 2 issuance will be of benchmark size.
The new Tier 2 issuance will increase Deutsche Bank's total capital ratio and, as a consequence of the implementation of CRD V rules regarding the composition of P2R (Pillar 2 Requirement), improve its buffer versus regulatory capital requirements.
The public tender offer is designed to manage the Bank's overall Minimum Requirement for Own Funds and Eligible Liabilities (MREL) supply by retiring various senior non-preferred securities, some of which lose their MREL recognition during 2020.
It encompasses the following euro-denominated securities issued by Deutsche Bank AG:
0.375% January 2021 (ISIN: DE000DL19T18)
The offer is expected to expire on Friday, 15 May 2020.
Information is available on Deutsche Bank's Investor Relations website under https://www.db.com/ir or by contacting +49 800 910-8000.
Requests for the Tender Offer Memorandum may be directed to the Tender Agent: Lucid Issuer Services Limited (+ 44 20 7704 0880, firstname.lastname@example.org)Contact:
Deutsche Bank AG
Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE
The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.
Forward-looking statements contain risks
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading "Risk Factors". Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
11-May-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:||1040599|
|End of Announcement||DGAP News Service|
1040599 11-May-2020 CET/CEST