Economics
Deutsche Bank Sells Largest Structured Notes in Yuan in a Year
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Deutsche Bank AG sold the largest structured notes in yuan in a year amid speculation the currency will recover from the biggest slump since 2008 after China eased controls on the dollar exchange rate.
Germany’s largest lender issued two 350 million-yuan ($56 million) zero-coupon notes due 2017, according to data compiled by Bloomberg. Investors in the capital-protected securities will profit if the yuan appreciates against the dollar, according to a person familiar with the deal, who asked not to be identified because they’re not authorized to speak about it.