By Cristal Cody
Tupelo, Miss., Feb. 22 – Deutsche Bank AG, New York Branch priced $1.4 billion of notes (Baa2/BBB+) in two tranches on Thursday, a market source said.
The company sold $400 million of five-year floating-rate notes at Libor plus 123 basis points.
Deutsche Bank priced $1 billion of 3.95% five-year fixed-rate notes at a spread of Treasuries plus 135 bps.
Deutsche Bank Securities Inc. was the bookrunner.
Deutsche Bank is a banking and financial services company based in Frankfurt.
| Issuer: | Deutsche Bank AG, New York Branch
|
| Amount: | $1.4 billion
|
| Description: | Notes
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Trade date: | Feb. 22
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB+
|
|
|
| Five-year floaters
|
| Amount: | $400 million
|
| Maturity: | Feb. 27, 2023
|
| Coupon: | Libor plus 123 bps
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Feb. 27, 2023
|
| Coupon: | 3.95%
|
| Spread: | Treasuries plus 135 bps
|
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