An illuminated sign for Deutsche bank AG, continental Europe’s greatest financial institution.
Deutsche bank AG said Tuesday it sold back €1.27 billion ($ 1.4 billion) in euro-denominated senior unsecured bonds, lower than half the utmost amount the German lender had supplied to repurchase, because it sought to allay investor concerns about its finances.
The financial institution stated the “rather low investor participation displays the improving market sentiment and an investor preference to maintain exposure to Deutsche financial institution.”
The announcement got here after a deliberate seven-day smooth length. Deutsche financial institution DB, +2.90% DBK, -0.forty four% has additionally provided to buy again as much as $ 2 billion in U.S. dollar-denominated bonds, right through an 20-day gentle length that extends to March eleven.
Tuesday’s announcement means that the overall original buyback provide targeting up to $ 5.four billion in debt will come in someplace below $ three.4 billion.
An expanded version of this report appears on WSJ.com
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