Deutsche Bank considering auction of distressed oil and gas loans

By Marisa Wong

Morgantown, W.Va., Sept. 13 – Deutsche Bank AG said it intends to dispose of part or all of its commitments in some distressed loan facilities in the oil and gas sector through auction.

These distressed loan facilities are referenced in portfolios of outstanding credit-linked notes issued by Deutsche Bank, according to a press release.

Deutsche Bank is requesting that anyone interested in participating in the auction contact it as soon as possible for further details.

Potential buyers will be sent auction terms and will be asked to execute a non-disclosure and confidentiality agreement in order to facilitate disclosure of further information about the facilities and the auction process.

Questions about this auction should be directed exclusively to Phil Burford at phil.burford@db.com or +44 20 754 78956; Oliver Moschuering at oliver.moschuering@db.com or +49 69 910 33028; or Sanjeev Punjabi at sanjeev.punjabi@db.com or 212 250 8767.

Deutsche Bank is a banking and financial services company based in Frankfurt.

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