By Cristal Cody
Eureka Springs, Ark., Oct. 11 – Deutsche Bank AG priced a $1.5 billion add-on to its 4.25% notes (Baa2/BBB+/A-) due Oct. 14, 2021 on Tuesday at a spread of Treasuries plus 290 basis points, according to a market source.
Deutsche Bank Securities Inc. was the bookrunner.
The company originally sold $3 billion of the notes in a private placement on Friday at 300 bps over Treasuries.
The total outstanding is $4.5 billion.
Deutsche Bank is a banking and financial services company based in Frankfurt.
| Issuer: | Deutsche Bank AG
|
| Amount: | $1.5 billion reopening
|
| Description: | Notes
|
| Maturity: | Oct. 14, 2021
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | 4.25%
|
| Spread: | Treasuries plus 290 bps
|
| Trade date: | Oct. 11
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB+
|
| Fitch: A-
|
| Total outstanding: | $4.5 billion, including $3 billion priced on Oct. 7
|
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