DB 6.000% Perpetual Corp (EUR)

Bond Factsheet

Matured/ Called

Deutsche Bank AG

Indicative

Full Lot

Bid Price

99.960

Change in Bid Price

Bid Yield (%)

6.013 %

Change in Bid Yield

Ask Price

100.010

Change in Ask Price

Ask Yield (%)

5.999 %

Change in Ask Yield

Indicative price as of 28 Mar 2023, 12:00am

chevron_leftchevron_right

Bond Information

Deutsche Bank AG is a global financial service provider delivering commercial, investment, private, and retail banking. The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPO's, trade finance, retail banking, asset management, and corporate investments.

Bond Issuer

Deutsche Bank AG

Guarantor

Announcement Date

20 May 2014

Issue Date

27 May 2014

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.509

Modified Duration

Issue / Reoffer Price

100.011

Issue / Reoffer Yield

6.908

Coupon Type

Variable

Annual Coupon Rate

6.000

Coupon Frequency

Annually

Seniority

Junior Subordinated

Capital Structure

Junior Subordinated

Reference Rate

Reset Date: 30 Apr 2022 & every 5yrs thereafter

Reset Rate: 5Yr Annual Swap Rate + 4.698%

ISIN

DE000DB7XHP3

CUSIP

EK2481985

Bond Currency

EUR

Total Issue Size

1,750,000,000

Min. Investment Quantity (Nominal)

EUR 100,000

Incremental Quantity (Nominal)

EUR 100,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ BBB+

Bond Credit Rating (S&P/ Fitch)

***/ BB

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Upon the occurrence of a Trigger Event, the Redemption Amount and the nominal amount of each Note shall be reduced by the amount of the relevant write-down.

A "Trigger Event" occurs if the Common Equity Tier 1 capital ratio pursuant to Article 92 (1) (a) CRR or any successor provision, determined on a consolidated basis (the "Common Equity Tier 1 Capital Ratio") falls below 5.125 per cent. (the"Minimum CET1 Ratio").

Upon the occurrence of a Trigger Event, a write-down shall be effected pro rata with all other Additional Tier 1 instruments within the meaning of the CRR (Additional Tier 1 capital), the terms of which provide for a write-down (whether permanent or temporary) upon the occurrence of the Trigger Event. For such purpose, the total amount of the write-downs to be allocated pro rata shall be equal to the amount required to restore fully the Common Equity Tier 1 Capital Ratio of the Issuer to the Minimum CET1 Ratio but shall not exceed the sum of the nominal amounts of the relevant instruments outstanding at the time of occurrence of the Trigger Event.

Deferral Interest Payment

Interest Payments in respect of the Notes are entirely discretionary (i.e. Interest Payments will not accrue if the Issuer has elected, at its sole discretion, to cancel payment of interest (non-cumulative), in whole or in part, on any Interest Payment Date) and subject to the fulfilment of certain conditions.

In particular, Interest Payments will not accrue, in whole or in part, on any Interest Payment Date if and to the extent that the competent supervisory authority orders that all or part of the relevant payment of interest be cancelled or another prohibition of Distributions is imposed by law or an authority.

Issuer Call

The Issuer may redeem the Notes, in whole but not in part, at any time, subject to the prior consent of the competent supervisory authority, upon not less than 25 days' notice of redemption with effect as of the 30 April 2022 and every 5 years thereafter at their Redemption Amount together with interest (if any, and subject to a cancellation of the interest payment pursuant to section 3 (8)) accrued to the Early Redemption Date (exclusive).

"Redemption Amount" shall be the initial nominal amount.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.