By Aleesia Forni
Virginia Beach, Feb. 6 - Deutsche Bank AG, London branch priced $3.5 billion of senior notes (A2/A/A+) on Thursday, an informed source said.
A $1 billion tranche of three-year floaters priced at par to yield Libor plus 61 basis points, the tight end of the Libor plus 65 bps area.
The company priced $1.5 billion of 1.4% three-year notes at 99.991 to yield 1.403%, or Treasuries plus 75 bps. Price talk was in the Treasuries plus 80 bps area.
There was also $1 billion tranche of 2.5% notes due 2019 priced with a spread of Treasuries plus 100 bps. Talk was in the 105 bps area.
Pricing was at 99.953 to yield 2.51%.
Deutsche Bank Securities Inc. was the bookrunner.
The financial services company is based in Frankfurt.
| Issuer: | Deutsche Bank AG, London branch
|
| Issue: | Senior notes
|
| Amount: | $3.5 billion
|
| Joint bookrunners: | Deutsche Bank Securities Inc.
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A+
|
|
|
| Floaters due 2017
|
| Amount: | $1 billion
|
| Maturity: | Feb. 13, 2017
|
| Coupon: | Libor plus 61 bps
|
| Price: | Par
|
| Yield: | Libor plus 61 bps
|
| Price talk: | Libor plus 65 bps area
|
|
|
| Notes due 2017
|
| Amount: | $1.5 billion
|
| Maturity: | Feb. 13, 2017
|
| Coupon: | 1.4%
|
| Price: | 99.991
|
| Yield: | 1.403%
|
| Spread: | Treasuries plus 75 bps
|
| Price talk: | Treasuries plus 80 bps area
|
|
|
| Notes due 2019
|
| Amount: | $1 billion
|
| Maturity: | Feb. 13, 2019
|
| Coupon: | 2.5%
|
| Price: | 99.953
|
| Yield: | 2.51%
|
| Spread: | Treasuries plus 100 bps
|
| Price talk: | Treasuries plus 105 bps area
|
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