DB 4.625% Perpetual Corp (EUR)

Bond Factsheet

Deutsche Bank AG

Indicative

Full Lot

Bid Price

98.987

Change in Bid Price

remove 0.076

Bid Yield (%)

5.297 %

Change in Bid Yield

0.053

Ask Price

99.408

Change in Ask Price

remove 0.063

Ask Yield (%)

5.009 %

Change in Ask Yield

0.043

Indicative price as of 02 Oct 2026, 4:33pm

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

05 May 2021

Issue Date

12 May 2021

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 1.074

Modified Duration

0.971 @ 02 Oct 2026

Issue / Reoffer Price

100.003

Issue / Reoffer Yield

4.526

Coupon Type

Variable

Annual Coupon Rate

4.625

Coupon Frequency

Annually

Seniority

Junior Subordinated

Capital Structure

Additional Tier 1

Reference Rate

Reset Date: 30 Apr 2028 and every 5 years thereafter
Reset Rate: EUR 5Y SWAP + 4.747%

ISIN

DE000DL19VZ9

CUSIP

BP3850578

Bond Currency

EUR

Total Issue Size

1,250,000,000

Min. Investment Quantity (Nominal)

EUR 200,000

Incremental Quantity (Nominal)

EUR 200,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

Additional Tier 1

Write Down

Upon the occurrence of a Trigger Event, the Prevailing Nominal Amount of each Note shall be reduced by the amount of the relevant writedown.

A "Trigger Event" occurs if, at any time, the common equity tier 1 capital ratio pursuant to Article 92(1)(a) CRR or any successor provision thereto, determined on a consolidated basis (the "Common Equity Tier 1 Capital Ratio") falls below 5.125 per cent. (the "Minimum CET1 Ratio"). Whether a Trigger Event has occurred shall be determined by the Issuer, the competent authority or any agent appointed for such purpose by the competent authority.

Deferral Interest Payment

Non-Cumulative Deferral

Cancellation of Interest Payment at the discretion of the Issuer. In accordance with Article 52(1)(l)(iii) CRR the Issuer has the right to cancel all or part of any payment of interest in its sole discretion and at any time. If the Issuer makes use of such right, it shall give notice to the Holders in accordance with § 11 without undue delay but no later than on the relevant Interest Payment Date. Any failure to give such notice shall not affect the validity of the cancellation and shall not constitute a default for any purpose. A notice which has not been given until the relevant Interest Payment Date shall be given without undue delay thereafter.

Issuer Call

The Issuer may redeem the Notes, in whole but not in part, with the prior approval of the competent authority and in accordance with § 5(7) with effect as of any Optional Redemption Date (as defined below) at their Redemption Amount (as defined below) together with interest (if any, and subject to a cancellation of the interest payment pursuant to § 3(8)) accrued to the Optional Redemption Date (exclusive).

"Optional Redemption Date" means:

(i) each Business Day during the period from 30 October 2027 (inclusive) to the First Reset Date (inclusive); and

(ii) each Interest Payment Date following the First Reset Date.

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.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data