Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announces a public tender offer with a target acceptance volume of 1.0 billion euros of Euro-denominated senior non-preferred securities.
The transaction is designed to help the bank optimise its future interest payments and maturity structure by taking advantage of a strong liquidity position. As of 30 September 2018, the bank had liquidity reserves of 268 billion euros with a liquidity coverage ratio of 148%.
The tender offer encompasses two long-dated securities issued by Deutsche Bank AG:
1.125% March 2025 (ISIN: DE000DB7XJP9)
1.750% January 2028 (ISIN: DE000DL19T26)
The offer is expected to expire on Tuesday, 27 November 2018.