DGAP-Adhoc: Deutsche Bank launches Tier 2 issuance and announces public tender offer for senior non-preferred debt

2020. május 11., hétfő, 10:12

DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Bond

Deutsche Bank launches Tier 2 issuance and announces public tender offer for senior non-preferred debt

11-May-2020 / 10:12 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Frankfurt am Main, 11 May 2020 - Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) launches a new euro-denominated Tier 2 issuance and announces a public tender offer for certain of its euro-denominated senior non-preferred securities. The target acceptance volume of the tender is 2.0 billion euros and the Tier 2 issuance will be of benchmark size.

The new Tier 2 issuance will increase Deutsche Bank"s total capital ratio and, as a consequence of the implementation of CRD V rules regarding the composition of P2R (Pillar 2 Requirement), improve its buffer versus regulatory capital requirements.

The public tender offer is designed to manage the Bank"s overall Minimum Requirement for Own Funds and Eligible Liabilities (MREL) supply by retiring various senior non-preferred securities, some of which lose their MREL recognition during 2020.

It encompasses the following euro-denominated securities issued by Deutsche Bank AG:

0.375% January 2021 (ISIN: DE000DL19T18)

1.625% February 2021 (ISIN: DE000DL19UQ0)

1.250% September 2021 (ISIN: DE000DB7XJB9)

3mE+65bp September 2021 (ISIN: DE000DB7XJC7)

1.500% January 2022 (ISIN: DE000DL19TA6)

1.875% February 2022 (ISIN: DE000DL19UR8)

3mE+80bp May 2022 (ISIN: DE000DL19TQ2)

2.375% January 2023 (ISIN: DE000DB5DCS4)

1.125% March 2025 (ISIN: DE000DB7XJP9)

2.625% February 2026 (ISIN: DE000DL19US6)

1.750% January 2028 (ISIN: DE000DL19T26)

The offer is expected to expire on Friday, 15 May 2020.

Information is available on Deutsche Bank"s Investor Relations website under https://www.db.com/ir or by contacting +49 800 910-8000.

Requests for the Tender Offer Memorandum may be directed to the Tender Agent: Lucid Issuer Services Limited (+ 44 20 7704 0880, db@lucid-is.com)Contact:

Christian Streckert

Phone: +49 69 910 38079

Email: christian.streckert@db.com

Eduard Stipic

Phone: +49 69 910 41864

Email: eduard.stipic@db.com


Deutsche Bank AG

Taunusanlage 12

60325 Frankfurt am Main


ISIN: DE0005140008

WKN: 514000

Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE

The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.

Forward-looking statements contain risks

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading "Risk Factors". Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

11-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Deutsche Bank AG

Taunusanlage 12

60325 Frankfurt a. M.

Phone: +49 (0)69 910-00
Fax: +49 (0)69 910-43800
E-mail: db.presse@db.com
Internet: www.db.com
ISIN: DE0005140008
WKN: 514000
Indices: DAX, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; NYSE
EQS News ID: 1040599

End of Announcement DGAP News Service

1040599  11-May-2020 CET/CEST

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