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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 |
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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