Deutsche Bank €2.5 billion two tranche and £300 million 1.75% bond issues

Overview:

• Deutsche Bank raised around €2.84 billion issuing a two tranche eurobond and a smaller foreign currency bond.
• The eurobond was issued in two €1.25 billion tranches with coupons 0.375% and 1.75%, maturing in 2021 and 2028 respectively.
• The £300 million foreign currency bond has a coupon of 1.75% and matures in 2021. 
• The bonds were listed on the Luxembourg Stock Exchange. 
• Deutsche Bank's London branch was joint lead manager of a syndicate of 12 other banks on the eurobond and four other banks on the foreign currency bond. 
• Deutsche Bank's in-house team acted as issuer's counsel on the transactions.  

Ben Naylor - Regional editor