Deutsche Bank Said to Prepare Blackstone-Linked Rental Bonds

Deutsche Bank AG (DBK) is preparing to market almost $500 million of bonds linked to rental payments from homes owned by Blackstone Group LP, according to a person with knowledge of the transaction.

The securities are expected to include a portion with an investment-grade ranking from at least one ratings firm, said the person, who asked not to be identified because terms aren’t public.

JPMorgan Chase & Co. and Credit-Suisse Group AG also are marketing the securities, the first of their kind backed by rental payments from single-family homes.

Reuters earlier today reported details of the transaction.

To contact the reporters on this story: Heather Perlberg in New York at hperlberg@bloomberg.net; John Gittelsohn in Los Angeles at johngitt@bloomberg.net

To contact the editor responsible for this story: Rob Urban at robprag@bloomberg.net

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