Deutsche Bank Increases Capital Notes Sale to $4.75 Billion
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Deutsche Bank AG increased its sale of subordinated notes to $4.75 billion as Germany’s biggest lender seeks to bolster capital ratios.
The Frankfurt-based bank initially marketed about $4 billion of additional Tier 1 bonds in dollars, euros and pounds that it can buy back after six, eight and 12 years, a person familiar with the transaction said. Investors placed more than 25 billion euros of orders for the deal at the prices offered, according to Group Treasurer Alexander von zur Muehlen.