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DB Deutsche Bank Aktiengesellschaft

16.35
0.18 (1.11%)
Pre Market
Last Updated: 09:09:41
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
  0.18 1.11% 16.35 1,662 09:09:41

Deutsche Bank to Buy Back Senior Securities

19/11/2018 12:25pm

Dow Jones News


Deutsche Bank Aktiengese... (NYSE:DB)
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   By Pietro Lombardi 
 

Deutsche Bank AG (DBK.XE) is launching a public tender offer for euro-denominated securities with a target volume of 1.0 billion euros ($1.14 billion), it said Monday.

The bank is buying back euro-denominated senior non-preferred securities.

The German bank said in a statement that the transaction "is designed to help the bank optimize its future interest payments and maturity structure by taking advantage of a strong liquidity position."

"Using a small part of our high-cash position to repurchase senior non-preferred securities reflects our aim to redeploy excess liquidity without taking undue risk. This benefits all our stakeholders," Chief Financial Officer James von Moltke said.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

November 19, 2018 07:10 ET (12:10 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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