FRANKFURT - Deutsche Bank AG (NYSE:DBGn.DB / NYSE: DB) has successfully completed its public tender offer for Trust Preferred Securities from Deutsche Postbank Funding Trust I & III, with the operation closing with a total acceptance of €292 million. The bank confirmed that it would purchase all securities validly tendered at 77% of their liquidation preference amount, with an additional accrued capital payment to be settled on November 29, 2023.
The tender offer, which closed on Wednesday at 5 p.m. CET, attracted tenders amounting to €148 million for Deutsche Postbank Funding Trust I and €144 million for Deutsche Postbank Funding Trust III. The results of this financial maneuver were released today, with the bank committing to acquire the eligible securities at the agreed-upon rate.
Investors and media looking for more details have been directed to contact Eduard Stipic in media relations or investor relations at Deutsche Bank AG. For specific inquiries related to the tender offer, the bank has provided contact information for its Liability Management Group as Dealer Manager and Kroll Issuer Services Limited as Tender Agent, as outlined in the Tender Offer Memorandum issued on November 9.
In the context of this transaction, Deutsche Bank also reminded stakeholders of potential risks associated with forward-looking statements, referring them to the 'Risk Factors' section of its SEC Form 20-F. The bank's portfolio includes asset and wealth management services within its extensive global network.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.