Deutsche Bank Raises Capital With Additional Tier 1 Sale
Deutsche Bank AG sold a new Additional Tier 1 bond, with strong demand underlining the hot market for junior bank debt.
The German bank’s €1 billion ($1.15 billion) AT1, first callable from late Oct. 2034, got more than €7.5 billion of orders, according to a person familiar with the matter. The coupon was set at 6.75%, down from initial price thoughts of around 7.125%, the person said.