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DB Deutsche Bank Aktiengesellschaft

16.50
0.31 (1.91%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deutsche Bank Aktiengesellschaft NYSE:DB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.31 1.91% 16.50 16.49 16.295 16.35 1,846,182 00:36:35

Deutsche Bank to Buy Back $5.4 Billion in Debt Securities

12/02/2016 2:15pm

Dow Jones News


Deutsche Bank Aktiengese... (NYSE:DB)
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By Jenny Strasburg and Madeleine Nissen 

Deutsche Bank AG said it will buy back $5.4 billion of its senior unsecured debt, in a move designed to bolster investor confidence in the German lender's liquidity and in the value of its securities.

The announcement Friday afternoon in Europe came at the end of a volatile week for Deutsche Bank shares and the broader market for bank stocks.

The buyback offer targets up to EUR3 billion ($3.4 billion) in euro-denominated securities and $2 billion in U.S. dollar-denominated securities.

Before the announcement, Deutsche Bank shares were up 8% Friday. They've been whipsawed this week amid questions about the bank's restructuring and ability to pay optional interest payments on its riskiest debt.

The shares are down about 35% this year.

Write to Jenny Strasburg at jenny.strasburg@wsj.com and Madeleine Nissen at Madeleine.Nissen@wsj.com

 

(END) Dow Jones Newswires

February 12, 2016 09:00 ET (14:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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