By Aleesia Forni
Virginia Beach, Aug. 17 – Deutsche Bank AG priced $1.25 billion of five-year notes (A3/BBB+/A) in fixed- and floating-rate tranches on Monday, according to an informed source.
There was $1 billion of 2.95% fixed-rate notes due 2020 priced at Treasuries plus 143 basis points.
The notes sold at the tight side of guidance set in the 145 bps area over Treasuries and were talked in the mid-150 bps area over Treasuries.
A $250 million floater due 2020 sold at Libor plus 131 bps following talk set at the Libor equivalent to the five-year fixed-rate notes.
Deutsche Bank Securities Inc. is the bookrunner.
The bank is based in Frankfurt.
| Issuer: | Deutsche Bank AG
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Trade date: | Aug. 17
|
| Settlement date: | Aug. 20
|
| Ratings: | Moody’s: A3
|
| Standard & Poor’s: BBB+
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 2.95%
|
| Spread: | Treasuries plus 143 bps
|
| Price guidance: | Treasuries plus 145 bps area, tightened from Treasuries plus mid-150 bps area
|
|
|
| Five-year floaters
|
| Amount: | $250 million
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | Libor plus 131 bps
|
| Price guidance: | Libor equivalent to fixed-rate notes
|
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