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Name | Symbol | Market | Type |
---|---|---|---|
Deutsche Bank Contingent Cap Trust V | NYSE:DKT | NYSE | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.43 | 0 | 01:00:00 |
Issuer:
|
Deutsche
Bank Contingent Capital Trust V
|
Securities:
|
8.05%
Trust Preferred Securities
|
Guarantor:
|
Full
and unconditional guarantees of Deutsche Bank AG on a subordinated basis
as set forth in the preliminary prospectus supplement dated March 11,
2010
|
Size:
|
4,800,000
trust preferred securities ($120,000,000)
|
Overallotment
Option:
|
Yes
(15 days), 720,000 trust preferred securities
($18,000,000)
|
Expected
Ratings:
|
Baa2/BBB+/A
(Moody’s/S&P/Fitch)
(1)
|
Maturity
Date:
|
Perpetual
|
Capital
Payments:
|
8.05%
per annum on the liquidation preference amount of $25 per trust preferred
security
|
Type
of Distributions:
|
Cumulative
unless and until the first day of any payment period in which Deutsche
Bank AG elects to qualify any portion of the trust preferred securities as
Tier 1 regulatory capital, and noncumulative with respect to such portion
for the then current payment period and all subsequent payment periods. As
Deutsche Bank AG will elect to so qualify 100% of the trust preferred
securities on the settlement date, distributions will be
noncumulative.
|
1
st
Coupon:
|
June
30, 2010
|
Payment
Dates:
|
Quarterly
on the 30th of March, June, September and December
|
Optional
Redemption:
|
At
issuer’s option, on any distribution date on or after June 30, 2018 in
connection with redemption of underlying Class B preferred securities at
$25 per trust preferred security or at any time in the event of a tax or
regulatory event
|
Liquidation
Preference
Amount
/ Par:
|
$25
per trust preferred security
|
Trade
Date:
|
March
12, 2010
|
Settle:
|
March
30, 2010 (T+12), a longer settlement period than is customary for similar
securities.
|
Format:
|
SEC
Registered
|
Clearing/Settlement:
|
DTC,
including participants in Euroclear and Clearstream
|
Initial
Public Offering Price:
|
$25.15
per trust preferred security
|
Manager:
|
Deutsche
Bank Securities Inc.
|
CUSIP/ISIN:
|
25150L
108 / US25150L1089
|
(1)
|
An
explanation of the significance of ratings may be obtained from the rating
agencies. Generally, rating agencies base their ratings on such materials
and information, and such of their own investigations, studies and
assumptions, as they deem appropriate. The rating of the trust preferred
securities should be evaluated independently from similar ratings of other
securities. A credit rating of a security is not a recommendation to buy,
sell or hold securities and may be subject to review, revision,
suspension, reduction or withdrawal at any time by the assigning rating
agency.
|
1 Year Deutsche Bank Contingent... Chart |
1 Month Deutsche Bank Contingent... Chart |
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