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Deutsche Bank Bond Buyers Return for More Junk-Like Yields

  • German lender added $1.5 billion to a $3 billion deal
  • Notes priced to yield 2.9 percentage points over benchmark
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Deutsche Bank Said to Boost Size of Private Debt Sale

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Investors piled into Deutsche Bank’s latest bond sale, seeking a second helping of notes sold less than a week ago at yields resembling junk debt.

The German lender sold another $1.5 billion of investment-grade notes on Tuesday to mostly the same investors who bought last week’s $3 billion private deal, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. Pacific Investment Management Co. was among the buyers, according to data compiled by Bloomberg.