EQS-News 129 0 Kommentare Deutsche Bank announces public tender offer for Deutsche Postbank Funding Trust I & III securities

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Deutsche Bank announces tender offer for Deutsche Postbank Funding Trust I & III securities.
The offer is for trust preferred securities issued by Deutsche Postbank Funding Trust I & III.
The tender offer expires on November 22, 2023.

EQS-News: Deutsche Bank AG / Key word(s): Bond/Tender Offer
Deutsche Bank announces public tender offer for Deutsche Postbank Funding Trust I & III securities

09.11.2023 / 10:05 CET/CEST
The issuer is solely responsible for the content of this announcement.

Long

14,30€

Basispreis

1,06

Ask

× 14,46

Hebel

Zum Produkt

Short

16,29€

Basispreis

1,07

Ask

× 14,33

Hebel

Zum Produkt

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NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

Deutsche Bank (XETRA: DBGn.DB / NYSE: DB) announces an any and all tender offer for trust preferred securities issued by each of Deutsche Postbank Funding Trust I & III. Further details are set out in the Tender Offer Memorandum referred to below.
Despite the loss of recognition as regulatory capital and as Minimum Requirement for Own Funds and Eligible Liabilities (MREL), Deutsche Bank currently has no intention to exercise its optional redemption rights for these instruments as they still represent as an efficient source of funding. Deutsche Bank is aiming to provide liquidity to current bond holders.
The tender offer encompasses the two following Euro-denominated trust preferred securities issued by Deutsche Postbank Funding Trust I & III in 2004 /2005:

Currency	Issuer	Maturity Date	Amount Outstanding	ISIN
EUR	Deutsche Postbank Funding Trust I	Perpetual	EUR 300m	DE000A0DEN75
EUR	Deutsche Postbank Funding Trust III	Perpetual	EUR 300m	DE000A0D24Z1