FRANKFURT (dpa-AFX) - Deutsche Bank (DB) announced a public tender offer to purchase certain series of EUR and USD-denominated senior unsecured debt securities. The EUR tender offer encompasses the certain securities and has a target acceptance volume of 3 billion euros. The USD tender offer encompasses the certain securities and has a target acceptance volume of US$2 billion.
Deutsche Bank noted that its strong liquidity position allows it to repurchase these securities without any corresponding change to its 2016 funding plan.
The tender offer is expected to be open for seven business days for the EUR denominated securities, and 20 business days for the USD denominated securities, subject to lower pricing for bonds tendered after day 10.
Copyright RTT News/dpa-AFX